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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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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(Z17) Rally Falters Ahead Of Channel...>
SCHATZ TECHS: (Z17) Rally Falters Ahead Of Channel Top And Swing Target
*RES 4: 112.330 38.2% Fibo of 113.310-111.730
*RES 3: 112.320 1.618 swing of 112.260-112.170, 0.1% vol band
*RES 2: 112.310 5 week bull channel top
*RES 1: 112.280 Sep 8 high
*PRICE: 112.220 @1229GMT
*SUP 1: 112.190/220 Hourly support, 5 week support line
*SUP 2: 112.170 Sep 7 low
*SUP 3: 112.140 Aug 29, Aug 30 lows
*SUP 4: 112.090 Aug 25 low
*COMMENTARY* Last week saw a rally through the swing target at 112.220, a high
of 112.280 attained, before again submitting to some near term overbought
conditions. This so far leaves us shy of a look at the 5 week bull channel top
at 112.310 today and the swing target at 112.320. Support comes initially from
112.220 and then 112.190-112.170. Loss of the latter will caution and suggest a
deeper correction of gains from July's 111.73 low is required.
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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.