MNI BRIEF: Japan Q3 GDP To Be Slightly Revised Down

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

MNI: China CFETS Yuan Index Up 0.01% In Week of Nov 29

MNI BRIEF: PBOC Added Outright Repo For Ample Lqdty In Nov

MNI China Daily Summary: Friday, November 29

MNI: AUSTRALIA Q3 BIZ INDICATORS INVENTORIES -0.9%

MNI: AUSTRALIA OCT BUILDING APPROVALS +4.2% M/M, +6.1% Y/Y

MNI: AUSTRALIA NOV DWELLING APPROVALS +4.2% M/M

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(Z20): Directional Triggers Defined

BRENT TECHS
  • RES 4: $45.02 - 76.4% retracement of the Aug 28 - Oct 2 downleg
  • RES 3: $44.30 - High Sep 18 and key resistance
  • RES 2: $43.84 - High Sep 27
  • RES 1: $43.57 - High Oct 9
  • PRICE: $42.73 @ 06:40 BST Oct 16
  • SUP 1: $41.36 - Low Oct 12
  • SUP 2: $38.79 - Low Oct 2 and the bear trigger
  • SUP 3: $38.59 - Low Jun 15
  • SUP 4: $38.25 - Low Jun 12 and a key support

Brent futures were volatile yesterday. Recent price action has defined resistance at $43.57, Oct 9 high and support at $41.36, Oct 12 low. These levels mark the near-term directional triggers. A bullish theme remains intact following the strong recovery off the Oct 2 low. A break of $43.57 would confirm a resumption of strength and open The key resistance at $44.30, Sep 18 high. Sub $41.22 levels would be bearish.

Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

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.