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Why MNI
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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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(Z1) Pullback Considered Corrective
- RES 4: 112.656 76.4% retracement of the Mar - Jun 2020 sell-off
- RES 3: 112.600 Round number resistance
- RES 2: 112.585 High Mar 17 2020 (cont)
- RES 1: 112.515 High Nov 26
- PRICE: 112.385 @ 05:09 GMT Dec 1
- SUP 1: 112.354/112.286 20- and 50-day EMAs
- SUP 2: 112.100 Low Nov 3
- SUP 3: 112.050 Low Nov 2
- SUP 4: 111.945 Low Oct 28 and major support
The Schatz futures outlook remains bullish and the recent dip is considered corrective. The contract recently probed resistance at 112.495, Nov 22 high. A clear breach would again confirm a resumption of the short-term uptrend and pave the way for gains towards 112.585 next, Mar 17 2020 high (cont). Moving average conditions remain in bull mode, reinforcing the positive theme. Initial firm support lies at 112.286, the 50-day EMA.
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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.