Free Trial
GILT AUCTION PREVIEW

0.875% Jul-33 Green Gilt

HUNGARY

CPI Rises to 21.1% y/y in October

US TSY OPTIONS

Put spread seller

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(Z2) Breaches The 20-Day EMA

BRENT TECHS
  • RES 4: $101.88 - High Jul 29 and key resistance
  • RES 3: 95.54 - High Sep 5
  • RES 2: $92.11 - 50-day EMA
  • RES 1: $89.82 - High Oct 3
  • PRICE: $89.41 @ 07:02 BST Oct 4
  • SUP 1: $85.00/82.44 - Low Sep 30 / Low Sep 26 and the bear trigger
  • SUP 2: $81.97 - 1.618 proj of the Jul 29 - Aug 5 - 30 price swing
  • SUP 3: $80.22 - 1.764 proj of the Jul 29 - Aug 17 - 30 price swing
  • SUP 4: $78.52 - Low Jan 24

Brent futures continue to trade closer to recent highs. Yesterday’s move higher resulted in a break of the 20-day EMA, strengthening a short-term bullish theme. The move through this resistance signals scope for a continuation higher and has opened the 50-day EMA, at $92.11. This average represents a key resistance and the latest recovery is considered corrective. Initial support is at $85.00, the Sep 30 low.

154 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: $101.88 - High Jul 29 and key resistance
  • RES 3: 95.54 - High Sep 5
  • RES 2: $92.11 - 50-day EMA
  • RES 1: $89.82 - High Oct 3
  • PRICE: $89.41 @ 07:02 BST Oct 4
  • SUP 1: $85.00/82.44 - Low Sep 30 / Low Sep 26 and the bear trigger
  • SUP 2: $81.97 - 1.618 proj of the Jul 29 - Aug 5 - 30 price swing
  • SUP 3: $80.22 - 1.764 proj of the Jul 29 - Aug 17 - 30 price swing
  • SUP 4: $78.52 - Low Jan 24

Brent futures continue to trade closer to recent highs. Yesterday’s move higher resulted in a break of the 20-day EMA, strengthening a short-term bullish theme. The move through this resistance signals scope for a continuation higher and has opened the 50-day EMA, at $92.11. This average represents a key resistance and the latest recovery is considered corrective. Initial support is at $85.00, the Sep 30 low.