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USDCAD TECHS

Consolidation Mode But Remains Bearish

AUDUSD TECHS

Fails To Hold Onto Thursday’s High

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'Big Tech' Bill Goes To Senate

COMMODITIES

Oil Up For Fifth Week On Supply Disruption, Geopolitics

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  • RES 4: 127.69 High Sep 3
  • RES 3: 127.36 High Sep 7
  • RES 2: 127.00 Round number resistance
  • RES 1: 126.56 High Nov 26
  • PRICE: 126.50 @ Close GMT Nov 26
  • SUP 1: 125.44 Low Nov 26 and gap high
  • SUP 2: 124.94 High Nov 25 and gao low
  • SUP 3: 124.48 Low Nov 25
  • SUP 4: 124.17 Low Nov 24 and key support

Gilt futures rallied Friday and the contract gapped higher at the open. This price action negates recent bearish concerns and resistance at 125.96, Nov 22 high and the key short -term hurdle at 126.23, Nov 9 high have been breached. The clear break strengthens the near-term outlook for bulls and opens the 127.00 handle. On the downside, key short-term support has been defined at 124.17, Nov 24 low.