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EQUITY TECHS

E-MINI S&P (Z1): Fresh The All-Time High

UK DATA

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USDCAD TECHS

Still Vulnerable

EUROZONE ISSUANCE

EGB Supply For W/C Oct 18, 2021 (2/2)

AUDUSD TECHS

Bullish Price Sequence

EUROZONE ISSUANCE

EGB Supply For Oct W/C Oct 18, 2021 (1/2)

(H1) Edging Higher

WTI TECHS
  • RES 4: $60.00 - Psychological round number
  • RES 3: $59.06 - 1.382 proj of Apr - Aug rally from the Nov 2 low
  • RES 2: $58.00 - Round number resistance
  • RES 1: $57.56 - Intraday high
  • PRICE: $57.35 @ 06:55 GMT Feb 8
  • SUP 1: $55.30 - Low Feb 4
  • SUP 2: $53.94 - High Jan 13 and recent breakout level
  • SUP 3: $53.22 - 20-day EMA
  • SUP 4: $51.44 - Low Jan 22

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 $58.00 and $59.06 next. The latter is a Fibonacci projection. Key trend support remains $51.44, Jan 22 low where a break is required to signal a top.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com