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(Z2) Improves Off Lower Level


Futures Surge After U.S. CPI


Asia Left To Assess Post-CPI Repricing


(Z2) Outlook Flips Positive

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WTI TECHS: (N20) Testing Trendline Support
*RES 4: $45.50 - 61.8% retracement of the Jan - Apr sell-off
*RES 3: $43.94 - Low Mar 2
*RES 2: $41.88 - Low Mar 6 and the gap low on the daily chart
*RES 1: $40.44 - High Jun 8
*PRICE: $38.31 @ 06:38 BST Jun 10
*SUP 1: $38.30/35.05 - Trendline support drawn off the Apr 29 low / Low Jun 5
*SUP 2: $35.88 - Low Jun 3
*SUP 3: $32.36 - Low May 29
*SUP 4: $30.72 - Low May 22 and key support
The current WTI bull run remains intact despite the recent pullback. Price last
week traded above $37.64, Mar 9 high and a gap low on the daily chart. This
reinforced the underlying bullish theme. Furthermore, futures Monday traded
above the psychological $40.00 level. The focus is on a climb towards $41.88,
Mar 6 low and a gap high on the chart. The contract is testing trendline support
at $38.30 drawn off the Mar 29 low. A clear break would concern bulls.

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