Trial now
USDCAD TECHS

Trading Near Recent Lows

AUDUSD TECHS

Eyeing Key Resistance

EURJPY TECHS

Bull Rally Remains In Place

FED

Reverse Repo Operation

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 4539.50 High Sep 3 and the bull trigger
  • RES 1: 4519.75 High Sep 9
  • RES 3: 4478.50 High Sep 16
  • RES 1: 4455.00 High Sep 23
  • PRICE: 4415.25 @ 07:09 BST Sep 24
  • SUP 1: 4293.75 Low Sep 20 and the bear trigger
  • SUP 2: 4243.50 Low Jul 20
  • SUP 3: 4214.50 Low Jul 19 and a key support
  • SUP 4: 4117.00 Low Jun 21

S&P E-minis traded higher yesterday, extending the reversal of Monday's sharp sell-off and the bounce from that day's 4293.75 low. The contract has cleared a key short-term resistance at 4418.00, Sep 20 high. The break suggests the tide has turned and signals scope for a stronger recovery. Note too that the price is back above the 50-day day EMA and this is a positive development. 4293.75 remains the key support and is the bear trigger.