Free Trial
EURJPY TECHS

Gains Considered Corrective

TURKEY

Consumer Confidence Edges Up in Nov

EUROZONE T-BILL ISSUANCE

W/C 21 November, 2022

EQUITY TECHS

E-MINI S&P (Z2): Bull Flag Formation

USDJPY TECHS

Corrective Bounce Extends

BTP TECHS

(Z2) Fresh Short-Term Cycle High

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(F3) Trend Needle Still Points South

WTI TECHS
  • RES 4: $97.51 - High Jul 5
  • RES 3: $94.11 - High Aug 30
  • RES 2: $89.20/92.53 - High Nov 11 / 7 and key resistance
  • RES 1: $82.43/85.38 - High Nov 18 / 50-day EMA
  • PRICE: $79.91 @ 07:01 GMT Nov 22
  • SUP 1: $74.96 - Low Sep 28 and a key medium-term support
  • SUP 2: $73.38 - 1.00 proj of the Aug 30 - Sep 28 - Nov 7 price swing
  • SUP 3: $70.00 - Round number support
  • SUP 4: $68.86 - 1.236 proj of the Aug 30 - Sep 28 - Nov 7 price swing

WTI futures sold off sharply Monday before retracing its losses. A bearish theme remains in place following recent weakness and an extension of the reversal from $92.53, Nov 7 high. Support at $80.49, Oct 18 low and a bear trigger, was cleared Friday. $79.11, 76.4% of the Sep 28 - Nov 7 bull phase has also been cleared. Attention is on $74.96, the Sep 28 low and the next key support. Initial firm resistance is seen at $85.38, the 50-day EMA.

176 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: $97.51 - High Jul 5
  • RES 3: $94.11 - High Aug 30
  • RES 2: $89.20/92.53 - High Nov 11 / 7 and key resistance
  • RES 1: $82.43/85.38 - High Nov 18 / 50-day EMA
  • PRICE: $79.91 @ 07:01 GMT Nov 22
  • SUP 1: $74.96 - Low Sep 28 and a key medium-term support
  • SUP 2: $73.38 - 1.00 proj of the Aug 30 - Sep 28 - Nov 7 price swing
  • SUP 3: $70.00 - Round number support
  • SUP 4: $68.86 - 1.236 proj of the Aug 30 - Sep 28 - Nov 7 price swing

WTI futures sold off sharply Monday before retracing its losses. A bearish theme remains in place following recent weakness and an extension of the reversal from $92.53, Nov 7 high. Support at $80.49, Oct 18 low and a bear trigger, was cleared Friday. $79.11, 76.4% of the Sep 28 - Nov 7 bull phase has also been cleared. Attention is on $74.96, the Sep 28 low and the next key support. Initial firm resistance is seen at $85.38, the 50-day EMA.