Free Trial

Technical trend direction.....>

GLOBAL MARKET/OPINION
GLOBAL MARKET/OPINION: Technical trend direction model update:
*** Equity Indices: BEARISH
- S&P 500 / DAX / EUROSTOXX 50: Trend direction shifted to bearish yesterday.
The prior bullish signal on these indices had been in place since Apr 6.
*** Oil and Precious Metals: BEARISH
- WTI June (M0): The current bearish signal (unsurprisingly) remains in place
and has been in this condition since Apr 13.
- Gold: Shifted to bearish Apr 17. The prior bullish signal had been in place
since Apr 2.
Key levels to watch:
- ESM0: RES: 2885.00, Apr 17 low.
        SUP: This week's low so far of 2717.25.
- CLM0: SUP: $10.26, today's intraday low / $6.50, Low Apr 21.
        RES: $14.19, Intraday high / $17.71, Intraday hourly high on Apr 21.
- Gold: RES: $1721.00, Apr 17 high.
        SUP: $1658.2, 50.0% of the Apr 1- 14 rally.

To read the full story

Close

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.