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ITALY AUCTION RESULTS

5/10-year BTPs / CCTeu

COAL

Australian Coal Uncompetitive - chart

EQUITIES

Paring Post-FOMC Gains

EURIBOR

EURIBOR FIX

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WTI TECHS
WTI TECHS: (Q20) Key Resistance Still Intact
*RES 4: $44.22 - Low Mar 2
*RES 3: $42.17 - Low Mar 6 and the gap low on the daily chart
*RES 2: $41.63 - High Jun 23 and key resistance
*RES 1: $41.26 - High Jul 16
*PRICE: $40.83 @ 06:41 BST Jul 16
*SUP 1: $38.54 - Low Jul 10
*SUP 2: $37.41/08 - 50-day EMA / Low Jun 25 and the initial bear trigger
*SUP 3: $34.66- Low Jun 15 and key support
*SUP 4: $32.76 - Low May 29
WTI futures traded higher yesterday however the contract continues to trade
below key resistance at $41.63, Jun 23 high. We have recently highlighted the
existence of a bearish threat following the pullback off $41.63 between Jun 23 -
25. This represented a failure to extend gains beyond $40.69, Jun 8 high. A turn
lower would open $37.08, Jun 25 low and the next key bear trigger. Clearance of
$41.63 would instead resume the uptrend.

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