Trial now
DATA REACT

USD Drops, Gold Spikes, Equities Benefit Post-NFP

CORN TECHS

(N1) Uptrend Extends

EQUITY TECHS

E-MINI S&P (M1): Support Remains Intact

SOY TECHS

(N1) Resumes Its Uptrend

Sign up now for free access to this content.

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

  • RES 4: $63.17 - 1.618 proj of Apr - Aug rally from the Nov 2 low
  • RES 3: $61.11 - 1.500 proj of Apr - Aug rally from the Nov 2 low
  • RES 2: $60.00 - Psychological round number
  • RES 1: $59.06 - 1.382 proj of Apr - Aug rally from the Nov 2 low
  • PRICE: $58.52 @ 06:57 GMT Feb 9
  • SUP 1: $56.43 - Low Feb 5
  • SUP 2: $55.30 - Low Feb 4
  • SUP 3: $53.94 - High Jan 13 and recent breakout level
  • SUP 4: $53.67 - 20-day EMA

WTI futures maintain a bullish tone. Last week, futures traded above former resistance at $53.94, Jan 13 high and a bull trigger. The breach of this level confirmed a resumption of the underlying uptrend and paves the way for strength towards $59.06 next, a Fibonacci projection. Further out, sights are set on $60.00. Key trend support remains $51.44, Jan 22 low where a break is required to signal a top. Initial support is at $56.43, Feb 5 low.