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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(Q1) Fresh Trend High
- RES 4: $71.95 - High Sep 16, 2019 (cont)
- RES 3: $71.75 - High Jan 8 2020 (cont)
- RES 2: $71.38 - High Mar 8 (cont)
- RES 1: $70.74 - 0.618 proj of Mar 23 - May 18 - May 21 price swing
- PRICE: $70.59 @ 06:50 BST Jun 2
- SUP 1: $68.04 - 20-day EMA
- SUP 2: $66.39/64.50 - Low May 24 / Low May 21 and key support
- SUP 3: $63.51 - Low Apr 22
- SUP 4: $61.64 - Low Apr 12
Brent crude traded higher last week extending the recovery from $64.50, May 21 low and pushed higher yesterday trading through $70.00. The underlying uptrend remains intact and attention is on $71.38 next, the Mar 8 high (cont). Price recently breached the 50-day EMA however levels around the average continue to provide strong trend support. Weakness through $64.50 low is required to signal a short-term top. Initial support is at $67.80.
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Why 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.