GILTS: Futures Firmer On Cross-Market Inputs

Jul-17 06:28

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Gilt futures +31 at 87.43. * The contract also benefits from the extension of the move lower in AI-...

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MNI EXCLUSIVE: Chinese advisors and analysts share their property market outlook

Jun-17 06:27

Chinese advisors and analysts share their property market outlook. On MNI Policy MainWire now, for more details please contact sales@marketnews.com

 

BRENT TECHS: (Q6) Fresh Bear Cycle Low

Jun-17 06:26
  • RES 4: $115.16 - 1.382 proj of the Mar 10 - 23 - Apr 17 price swing
  • RES 3: $108.34 - High May 5 and a bull trigger
  • RES 2: $98.99 - High Jun 3 and a key short-term resistance
  • RES 1: $85.93/92.58 - High Jun 15 / 50-day EMA 
  • PRICE: $79.03 @ 07:15 BST Jun 17
  • SUP 1: $75.94 - 2.00 proj of the May 4 - 7 - 18 price swing   
  • SUP 2: $70.00 - Round number support
  • SUP 3: $67.92 - 2.50 proj of the May 4 - 7 - 18 price swing
  • SUP 4: $64.98 - Low Feb 17

Brent futures remain soft. The contract has breached an important support at $81.45, the Apr 17 low. The break strengthens the short-term bear cycle and paves the way for an extension towards $75.94, a Fibonacci projection. Key short-term resistance has been defined at $98.99, the Jun 3 high. Clearance of this hurdle would be a bullish development. Initial firm resistance to watch is $92.58, the 50day EMA. 

UK DATA: UK CPI in charts and tables

Jun-17 06:24
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