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EURUSD TECHS

Topping 50-day EMA

EQUITIES

J&J Drags on Dow, DJIA Underperforms

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  • RES 4: $72.76 - High Oct 11, 2018 (cont)
  • RES 3: $70.00 - Psychological round number
  • RES 2: $69.66 - High Oct23, 2018 (cont)
  • RES 1: $67.98 - High Mar
  • PRICE: $64.87 @ 06:52 Mar 9
  • SUP 1: $63.81 - High Feb 25 and recent breakout level
  • SUP 2: $60.89 - 20-day EMA
  • SUP 3: $59.24 - Low Mar 3
  • SUP 4: $58.09 - Trendline support drawn off the Nov 2 low

WTI futures remain in an uptrend despite yesterday's pullback. Last week's gains confirm a resumption of the underlying uptrend. Recently we had been focusing on the potential for a corrective pullback. This remains on hold for now. Yesterday saw the contract trade to fresh 2021 highs once again paving the way for strength towards the psychological $70.00 next. On the downside, key support has been defined at $59.24, Mar 3 low.