MNI: PBOC Net Drains CNY2 Bln Via OMO Tues; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1135 Tues; -1.61% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1135 TUES VS 7.1106

MNI BRIEF: HNB Flash Analysis Sees May CPI, Core At 4.0%

MNI BRIEF: Mexico Inflation 4.69% In May, Below Consensus

First 10-days Export Growth Eases, April Current A/C Deficit Due To Dividend Outflows

US Treasury Auction Calendar

IP Weak In April, With Surveys Suggesting Little Respite Ahead

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(U18) Bull Flag Still Intact *RES 4:.....>

OIL TECHS
OIL TECHS: (U18) Bull Flag Still Intact 
*RES 4: $2.2387 - High July 10 
*RES 3: $2.2090 - Daily bear channel top 
*RES 2: $2.1834 - High July 27 
*RES 1: $2.1752 - High August 8 
*PRICE: $2.1187 @ 0555 GMT 
*SUP 1: $2.0867 - Low August 2 
*SUP 2: $2.0490 - Low July 18
*SUP 3: $2.0277 - 200-DMA
*SUP 4: $2.0220 - Daily bear channel bottom 
Yesterday's weakness failed to register a new low which the outlook neutral in
the short-term. The large flag pattern that has been forming since the May 22
peak remains intact and bulls need a break above yesterday's high at $2,1752 to
shift the focus back to the upside. Bears need a close below the August 2 low at
$2.0867 to put the focus on bear channel support at $2.0220.
Energy BulletsCommodities
Energy BulletsCommodities

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.