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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: 126.87 High Nov 30 and the bull trigger
  • PRICE: 126.59 @ Close GMT Dec 2
  • SUP 1: 125.44 Low Nov 26 and gap high
  • SUP 2: 124.94 High Nov 25 and gap low
  • SUP 3: 124.48 Low Nov 25
  • SUP 4: 124.17 Low Nov 24 and key support

Gilt futures maintain a bullish tone. The recent recovery removed bearish concerns and note that former resistance at 125.96, Nov 22 high and the key short -term hurdle at 126.23, Nov 9 high have been breached. The break strengthens the near-term outlook for bulls and signals scope for a climb towards the 127.00 handle. On the downside, key short-term support has been defined at 124.17, Nov 24 low. Initial support is at 125.44.