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TECHS: Key Price Signal Summary

MARKET INSIGHT
  • E-Mini S&P futures remain below resistance at 3668.00, Nov 9 high. A break would resume the uptrend to open 3699.03, a Fibonacci projection. Price action on Nov 9 is a shooting star candle and is a reversal threat. Watch 3506.50, Oct 11 low and key support.
  • 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 key support lies at 103.18, Nov 11 low and in EURJPY, support lies at 122.69, the Nov 9 low.
  • EURGBP trendline resistance is at 0.9032, drawn off the Sep 11 high.
  • FI resistance levels to watch:
    • Bund fut: 175.62 61.8% of the Nov 4 - 11 sell-off.
    • Gilts: Have stalled ahead of 135.15, the 20-day EMA.
    • Trendline resistance in Treasuries drawn off the Oct 2 high is at 138.15+, just below yesterday's high of 138-16+.
  • Key support in Gold remains $1848.8, Sep 28 low and in Brent (F1) at $42.63 and WTI (F1) at $40.33, the Nov 13 lows.

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