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TECHS: Key Price Signal Summary

  • E-Mini S&P are bullish with attention on the 3668.00, Nov 9 high. EUROSTOXX50 edges higher, the focus is on 3553.05 next, Feb 27 high.
  • Gold remains heavy. $1800.0 support is still exposed, a break would open $1763.5 , 50.0% of the Mar - Aug rally. Brent (G1) is eyeing the psychological $50.00. WTI (F1) targets $48.07 next, 0.764 proj of Apr - Aug rally from Nov 2 low. Copper (H1) is up sharply and approaching a bull channel resistance at $342.13, drawn off the Oct 2 low.
  • In the FX space, EURUSD targets this year's high print of 1.2011, Sep 1 high. USDJPY key support lies at 103.18, Nov 11 low. Initial support is at 103.65, Nov 18 low. The key EURGBP trendline resistance drawn off the Sep 11 high, intersects at 0.9000. The bear trigger is 0.8861, Nov 12 low. The major hurdle for bulls in Cable remains 1.3421, a multi-year trendline drawn off the Nov 2007 high.
  • Key FI resistance levels: Bund fut: 175.73, Nov 20 high and 176.08, 76.4% of the Nov 4 - 11 sell-off. Gilts (H1): 134.70, 1.00 proj of the Nov 16 - 23 rally from Nov 25 low. Treasuries (Z0): 138-20, Nov 20 high.

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