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EUROSTOXX50 TECHS

(Z2) Continues To Climb

GBPUSD TECHS

Approaching Key Resistance

SCHATZ TECHS

(Z2) Key Support Remains Exposed

AUSSIE BONDS

Notably Firmer As The Day Wore On

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Gold, WTI Futures Remain in Downtrend

COMMODITIES

Gold remains in a clear downtrend and last week’s extension lower reinforces this theme. The move lower has confirmed a resumption of the downtrend that started early March - price has cleared support at $1681.0, the Jul 21 low. A bearish threat in WTI futures remains present and yesterday’s bounce is considered corrective. The recent break of support at $85.37, the Aug 16 low, confirmed a resumption of the downtrend that started Jun 8 and also highlights the end of a broad sideways move that has been in place since mid-July.


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Gold remains in a clear downtrend and last week’s extension lower reinforces this theme. The move lower has confirmed a resumption of the downtrend that started early March - price has cleared support at $1681.0, the Jul 21 low. A bearish threat in WTI futures remains present and yesterday’s bounce is considered corrective. The recent break of support at $85.37, the Aug 16 low, confirmed a resumption of the downtrend that started Jun 8 and also highlights the end of a broad sideways move that has been in place since mid-July.


Keep reading...Show less