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A$ Regains Poise On Equity Bounce

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TYU2 Operates Around Late Friday Levels

AUSSIE 3-YEAR TECHS

(U2) Back Above Bear Trigger

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Moody’s Affirmed The U.S. On Friday

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(N2) Short-Term Trend Needle Points North

WTI TECHS
  • RES 4: $120.00 - Psychological round number
  • RES 3: $116.43 - High Mar 7 and the trend high
  • RES 2: $115.04 - High Mar 8
  • RES 1: $113.20 - High May 17
  • PRICE: $109.16 @ 09:03 BST May 20
  • SUP 1: $103.24 - Low May 19
  • SUP 2: $100.97/96.93 - 50-day EMA / Low May 11 and key S/T level
  • SUP 3: $94.47 - Low Apr 25
  • SUP 4: $92.15 - Low Apr 11 and a key support

WTI futures maintain a bullish theme despite a pullback from this week’s highs. Price has breached resistance at $109.77, May 5 high and this improved the outlook for bulls. Note that $110.07, the Mar 24 high has also been cleared this week. A resumption of gains would open the key resistance and trend high of $116.43 on Mar 7. Key short-term support lies at $96.93, May 11 low.

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  • RES 4: $120.00 - Psychological round number
  • RES 3: $116.43 - High Mar 7 and the trend high
  • RES 2: $115.04 - High Mar 8
  • RES 1: $113.20 - High May 17
  • PRICE: $109.16 @ 09:03 BST May 20
  • SUP 1: $103.24 - Low May 19
  • SUP 2: $100.97/96.93 - 50-day EMA / Low May 11 and key S/T level
  • SUP 3: $94.47 - Low Apr 25
  • SUP 4: $92.15 - Low Apr 11 and a key support

WTI futures maintain a bullish theme despite a pullback from this week’s highs. Price has breached resistance at $109.77, May 5 high and this improved the outlook for bulls. Note that $110.07, the Mar 24 high has also been cleared this week. A resumption of gains would open the key resistance and trend high of $116.43 on Mar 7. Key short-term support lies at $96.93, May 11 low.