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TECHS: Price Signal Summary - E-Minis At All Time Highs

MARKET INSIGHT
  • In equities, E-mini S&P futures at all-time highs. The focus is on 3900.00 next. The EUROSTOXX50 index is firmer today and has traded above 3657.83, Jan 8 high to resume the underlying uptrend. Attention is on 3700.00 and 3798.19. The latter is the 0.764 projection of the Mar - Jul - Oct 2020 price swing
  • In the FX space, USDJPY continues to push higher. The focus is on 105.68 next, Nov 11 high and 106.05, 1.50 projection of the Jan 6 - 11 rally from the Jan 21 low.
  • EURUSD break of 1.2000 and yesterday's sharp sell-off opens 1.1945, 23.6% retracement of the Mar- Jan rally and 1.1924, Nov 30 low.
  • EURGBP has cleared 0.8800. The next support is at 0.8711, May 11, 2020 low.
  • On the commodity front, Gold cleared $1804.7, Jan 18 low yesterday with the downtrend accelerating. This opens $1764.8, next, Nov 30 low. Oil contracts remain firm. Brent (J1) targets $60.00 next, Feb 20, 2020 high (cont). WTI (H1) bulls are eyeing $58.00 next, a round number resistance and $59.06 further out, 1.382 projection of Apr - Aug rally from the Nov 2 low.
  • In the FI space, Bunds (H1) are still trading closer to recent lows. The next support lies at 176.09, 1.00 projection of Jan 4 - 12 sell-off from the Jan 27 high. Key support is at 175.84, Nov 11 low. Gilts (H1) have resumed the downtrend from the August 2020 high. The next support is at 132.00, 2.00 projection of Dec 11 - 24 sell-off from Jan 4 high.
  • BTPs (H1) key resistance is at 152.67 High Jan 8 and key resistance.
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income BulletsForeign Exchange Bullets

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