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TECHS: Price Signal Summary - Yields Rise

MARKET INSIGHT
  • Bunds (H1) sold off sharply overnight but has recovered off the day low of 177.02. Watch support at 177.01, Dec 23 low. A break would trigger deeper losses. 177.85, the intraday high is first resistance.
  • Gilts (H1) have traded through support at 134.89, Dec 30 low. An extension lower would open 134.01, Dec 24 low.
  • The Treasuries (H1) sell-off has exposed the next key support at 137.07+, Dec 4 low. From a technical standpoint, a break would open 137.00 and 136.26+, Nov 11 low.
  • In the equity space, the key near-term directional triggers for the E-Mini S&P contract are: support at 3651.00, Dec 23 low and resistance at 3773.25, Monday's high, The trend remains up.
  • On the commodity front, Gold remains firm and is approaching $1965.6, Nov 9 high and a key resistance. Both Brent and WTI rallied yesterday negating a bearish chart pattern from Monday and have also resumed their respective uptrends. Brent (H1) has potential for $54.26 and $55.14, the 1.236 and 1.382 projections of the Nov 13 - 26 rally from Dec 2 low. WTI (G1) targets $52.11, 1.00 projection of Apr - Aug rally from the Nov 2 low.
  • In FX , the USD remains weak. EURUSD targets 1.2380, 2.00 projection of the Nov 4 - 9 rally from the Nov 11 low. USDJPY targets 102.02, Mar 10 low following this week's fresh low prints.
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