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TECHS: Key Price Signal Summary

MARKET INSIGHT
  • E-Mini S&P futures resistance at 3668.00, Nov 9 high remains intact. A break higher would resume the uptrend to open 3699.03, a Fibonacci projection. Price action on Nov 9 is a shooting star candle and a reversal threat. Watch 3506.50, Oct 11 low.
  • EURUSD directional triggers at 1.1920, Nov 9 high and 1.1746, Nov 11 low remain intact. A break of 1.1920 resumes the uptrend. On the downside, 1.1603, Nov 4 low is exposed if 1.1746 gives way.
  • USDJPY is softer. Initial support is at 103.77, a Fibonacci retracement. Key support lies at 103.18, Nov 11 low.
  • FI resistance levels to watch:
    • Bund fut: 175.62 61.8% retracement of the Nov 4 - 11 sell-off
    • Gilts: Have stalled ahead of 135.19, the 20-day EMA.
    • Trendline resistance in Treasuries drawn off the Oct 2 high is at 138.16+, today's high so far
  • Support in Gold remains at $1848.8, Sep 28 low and in Brent (F1) at $42.63 and WTI (Z0) at $40.06, the Nov 13 lows.

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