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GOLD TECHS

Trend Needle Still Points South

BUNDS

German supply and EU Final CPI

BRENT TECHS

(N2) Holding On To The Bulk Of Its Recent Gains

USDCAD TECHS

Corrective Pullback Extends

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(K1) Trades Above Resistance

WTI TECHS
  • RES 4: $67.79 - High Mar 8 and the bull trigger
  • RES 3: $66.44 - High Mar 15
  • RES 2: $64.88 - High Mar 18 and a key near-term resistance
  • RES 1: $62.27 - Intraday high
  • PRICE: $61.25 @ 06:55 Mar 30
  • SUP 1: $58.32 - Low Mar 26
  • SUP 2: $57.25 - Low Mar 23
  • SUP 3: $55.65 - 38.2% retracement of the Nov 2 - Mar 8 rally
  • SUP 4: $53.68 - High Jan 13

WTI futures traded higher yesterday and overnight. The pair has probed resistance at $62.04, Mar 22 high. An extension higher would signal scope for a stronger short-term rally towards $64.88, Mar 18 high and also highlight the potential end of the correction lower between Mar 8 - 23. On the downside, key short-term support lies at $57.25, Mar 23 low. A break of this level would resume the recent bearish pressure.

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

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