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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

US OIL CLOSE
US OIL CLOSE: NYMEX October light sweet crude oil futures settled down $0.13 at
$46.44 per barrel, after trading in a $45.76 to $46.96 range. The earlier low
was the lowest since July 24, when the front contract posted a low of $45.40.
- West Texas Intermediate again closed below its 55-day moving average,
currently at $46.64, which did not bode well for near-term recovery.
- Crude took little comfort also from API data, released late Tuesday, showed a
crude stock draw of 5.8 million barrels in the latest week. The market now eyes
EIA inventory data, due out Wednesday.
- The front contract peaked August 10 at $50.22. This came after topping out at
$50.43 August 1 and $50.41 July 31, which was also the last time West Texas
Intermediate closed above the $50 mark.
- Most recently, WTI topped out at $52.00 May 25, before the announcement of a
nine-month extension of OPEC/non-OPEC production cuts. The extension was largely
priced in and oil fell to $42.05 on June 21.