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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI POLITICAL RISK - GOP Facing One Seat Majority In House
MNI US MARKETS ANALYSIS - USD/JPY Erases Election Rally
MNI US OPEN - RBNZ Cuts 50bps, OCR Forecast Slightly Higher
Testing 21-DMA *RES 4: $18.218 -......>
SILVER TECHS: Testing 21-DMA
*RES 4: $18.218 - High Sep 8 2017
*RES 3: $17.704 - High Jan 25, 2018
*RES 2: $17.320 - High Jun 14
*RES 1: $16.106 - High Jan 30, down trendline resistance from 2016 high
*PRICE: $15.677 @ 06:15 GMT Feb 7
*SUP 1: $15.648 - 21-dma
*SUP 2: $15.252 - 200-dma
*SUP 3: $15.184 - Low Jan 22
*SUP 4: $15.001 - High Aug 28
The failure of bulls to overcome the longer term downtrend has seen bears take
control as they look for a close below the 21-dma at $15.648 to open the 200-dma
at $15.252. Below here would suggest a bearish reversal towards the Jan 22 high
at $15.184 and the Aug 28 high at $15.001. Bulls continue to target $16.106 Jan
30 high as well as downtrend resistance from the 2016 high. A close above here
would improve the bigger picture trend and open the June 14 high at $17.320.
To read the full story
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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.