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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.
COMMODITIES
- Oil markets extend their move lower, putting the active WTI crude future back below the $100/bbl mark on the more positive noises emanating from Ukraine/Russia peace talks as well as the protracted drop in Chinese equity markets, with the Shanghai Composite shedding another 5% overnight.
- Oil options markets have suitably slipped, with the Brent market showing less upside price risk with lower liquidity. The Brent call-put skew has flattened over the last week suggesting the market is currently putting less upside price risk than last week. Implied Vol for 25D calls for May22 have fallen from 104 points back to around 74 points.
- The drop in prices has allowed the technically overbought condition evident in WTI to completely unwind - putting the RSI back below the 50 level:
WTI Crude Active Future vs. rolling RSI:
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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