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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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(Z2) Bull Cycle
- RES 4: 108.010 High Sep 13
- RES 3: 107.770 High Oct 4 and the reversal trigger
- RES 2: 107.610 High Oct 5
- RES 1: 107.400 Intraday high
- PRICE: 107.340 @ 05:58 BST Oct 28
- SUP 1: 106.975/710 20-day EMA / Low Oct 27
- SUP 2: 106.680/350 Low Oct 24 / 21 and the bear trigger
- SUP 3: 106.270 2.50 proj of the Aug 25 - Sep 1 - Sep 6 price swing
- SUP 4: 106.00 Round number support
The Schatz futures primary trend direction is down, however, the contract has entered a bullish corrective cycle and yesterday’s climb reinforces this theme. Price has cleared the 20-day EMA and resistance at 107.180, the Oct 13 high. A continuation higher would signal scope for a climb towards the next key resistance, at 107.770, the Oct 4 high. On the downside, initial firm support to watch is yesterday’s low of 106.710.
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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.