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AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

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(K2) Bullish Structure

WTI TECHS
  • RES 4: $126.42 - High Mar 7 and the bull trigger
  • RES 3: $122.73 - High Mar 9
  • RES 2: $118.34 - 76.4% retracement of the Mar 7 - 15 downleg
  • RES 1: $116.64 - High Mar 24
  • PRICE: $112.24 @ 07:11 GMT Mar 25
  • SUP 1: $103.74 - 20-day EMA
  • SUP 2: $95.33/92.20 - 50-day EMA / Low Mar 15
  • SUP 3: $88.49 - Low Feb 25
  • SUP 4: $85.81 - Low Feb 18

WTI futures remain in an uptrend following recent gains and the strong reversal from $92.20, the Mar 15 low. The recent climb means the 50-day EMA, at $95.33 today, remains intact and that this average still represents a key near-term support. A continuation higher would open 118.34, a Fibonacci retracement level. On the downside, a breach of the 50-day EMA would instead reinstate the recent bearish theme.

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

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