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BONDS

Core FI Weaker In Asia

BTP TECHS

(Z1) Bearish Focus

GILT TECHS

(Z1) Heavy!

OIL

Oil On Track For Another Weekly Gain

SCHATZ TECHS

(Z1) Bearish Price Sequence

BOBL TECHS

(Z1) Trades Through Recent Support

OIL
OIL: Crude printed modest losses overnight, with WTI printing around $0.10 lower
at 60.20, and Brent also $0.10 lower at $63.80.
- Crude is set to post a second consecutive weekly loss as concerns over US
supply linger. It is also worth noting that reports suggested that the latest
Genscape Cushing estimates pointed to Cushing inventory builds.
- For WTI the failure to gain traction above 21 & 55-DMAs ($61.36-05) has left
the contract looking heavy, with immediate focus on the bull channel base and
100-DMA at $59.57 & $59.31 respectively. Bears need a close below the 100-DMA to
hint at a move back to $53.30-55.37 with below $57.90 to confirm. Layers of
resistance are building and weighing with bulls now needing a close above $61.65
to gain breathing room and above $64.24 to hint at a move back to $66.39-65.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com