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USDCAD TECHS

Heads North

AUDUSD TECHS

Bearish Cycle Still In Play

EURJPY TECHS

Death Cross Adding Pressure

FOREX

Risk Off Prompts Safe Haven Demand

WTI TECHS
WTI TECHS: (N20) Bullish Cycle Remains Intact
*RES 4: $30.23 - 50-day EMA
*RES 3: $30.00 - Round number resistance
*RES 2: $28.34 - 61.8% retracement of the Apr 9 - 28 decline
*RES 1: $27.98 - High May 6
*PRICE: $25.39 @ 06:50 BST May 12
*SUP 1: $24.38 - Low May 7
*SUP 2: $23.38 - Low May 5 and key intraday support
*SUP 3: $20.84 - Low May 4
*SUP 4: $19.15 - Low Apr 30
WTI maintains a bullish tone despite stalling at $27.98 last Wednesday. Last
week, futures cleared the 20-day EMA reinforcing the current bullish theme that
follows the recovery off $17.27, Apr 28 low. A number of resistance levels have
also been cleared and attention turns to $28.34 next, a Fibonacci retracement
ahead of the 50-day EMA at $30.23. The average is seen as a key resistance area.
Initial firm support lies at $23.38, May 5 low.