Trial now
EURGBP TECHS

Approaching Key Support

US TSYS

Hovering Just Off Monday's Late Cheaps

GBPUSD TECHS

Climbs Above The 20-Day EMA

EURUSD TECHS

Outlook Remains Bearish

SNAPSHOT

Chinese Media Looks To Placate Equity Worry

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: $77.35 - 1.618 proj of Mar 23 - May 18 - May 21 price swing
  • RES 3: $76.18 - 1.50 proj of Mar 23 - May 18 - May 21 price swing
  • RES 2: $75.01 - 1.382 proj of Mar 23 - May 18 - May 21 price swing
  • RES 1: $74.25 - High Jun 23
  • PRICE: $73.27 @ 07:11 BST Jun 24
  • SUP 1: $70.06/69.54 - 20-day EMA / Low Jun 17 and key S/T support
  • SUP 2: $66.80 - High May 18
  • SUP 3: $66.77 - 50-day EMA
  • SUP 4: $65.02 - Low May 26

WTI crude rallied Monday and has resumed its uptrend, clearing former resistance at $72.74, Jun 16 high. The contract traded higher again yesterday. The break higher maintains a bullish price sequence of higher highs and higher lows and signals scope for further upside with attention on $75.01, a Fibonacci projection. On the downside, key support has been defined at $69.54, Jun 17 low. A break of this level is required to signal a top.