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Curve Flattens Further Ahead Of Jobless Claims


Oil Markets Off Bottom, But Bounce is Shallow


Expiries for Aug05 NY cut 1000ET (Source DTCC)

Bulls Still Need Close Above......>

DOLLAR-SING TECHS: Bulls Still Need Close Above 55-DMA
*RES 4: Sgd1.3163 - Bollinger band top 
*RES 3: Sgd1.3157 - 55-DMA 
*RES 2: Sgd1.3146 - Low Apr 6 now resistance 
*RES 1: Sgd1.3116 - 21-DMA
*PRICE: Sgd1.3095 @ 2300GMT
*SUP 1: Sgd1.3071 - Low Apr 12 
*SUP 2: Sgd1.3069 - Bollinger band base 
*SUP 3: Sgd1.3049 - Low Mar 27 
*SUP 4: Sgd1.3004 - 2018 Low Jan 25
*COMMENTARY: Bulls took comfort from bounces last week but now need a close
above the 55-DMA to gain breathing room and shift initial focus to Sgd1.3214-84
where a LT bear channel top and 100-DMA (Sgd1.3234) are noted. While the 55-DMA
caps bears remain focused on Sgd1.3000-04 with a close below Sgd1.3071 needed to
provide bears breathing room and add to confidence. The Bollinger base is the
key concern for bears.