© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

MNI BRIEF: Fed's Barr: Will Use All Tools To Keep Banks Safe

MNI China Daily Summary: Monday, March 27

MNI: UK MAR BRC SHOP PRICES +0.8% M/M, +8.9% Y/Y

EZ/UK T-Bill Calendar: Italy & Greece to issue Wednesday

CBI Sees Stabilising Retail Trade in March

(RPT)MNI INTERVIEW:Ex-FDIC Chair Downplays Bank Contagion Risk

MNI BRIEF: Yellen Says Americans' Deposits Are Safe

MNI BRIEF: Italy ESM Ratification Framed In EU’s Fiscal Debate

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Price Signal Summary - WTI Pullback Exposes The 20-Day EMA

OUTLOOK
Metals bulletHomepagemarkets-real-timeCommoditiesEnergy BulletsBulletMarketsFixed Income NewsForeign Exchange NewsEnergy Technical Analysis
  • On the commodity front, the trend condition in Gold remains bullish. Recent cycle highs confirm an extension of the current uptrend and maintain the positive price sequence of higher highs and higher lows. The focus is on $1934.4 next, the Apr 25, 2022 high. Support to watch lies at $1860.5, the 20-day EMA.
  • In the Oil space, WTI futures traded higher yesterday but price has reversed lower from the $82.38 session high. Attention is on support at $77.47, the 20-day EMA. A break of this average would highlight a stronger bear threat and expose support at $72.46, the Jan 5 low. On the upside, key short-term resistance has been defined at $82.38 where a break would reinstate the recent bullish theme.
120 words

To read the full story

Why Subscribe to

MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • On the commodity front, the trend condition in Gold remains bullish. Recent cycle highs confirm an extension of the current uptrend and maintain the positive price sequence of higher highs and higher lows. The focus is on $1934.4 next, the Apr 25, 2022 high. Support to watch lies at $1860.5, the 20-day EMA.
  • In the Oil space, WTI futures traded higher yesterday but price has reversed lower from the $82.38 session high. Attention is on support at $77.47, the 20-day EMA. A break of this average would highlight a stronger bear threat and expose support at $72.46, the Jan 5 low. On the upside, key short-term resistance has been defined at $82.38 where a break would reinstate the recent bullish theme.