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RATINGS

Positive Tweaks On A Couple Of Outlooks On Friday

AUSSIE 3-YEAR TECHS

(Z1) Sell-Off Abates

NEW ZEALAND

Holiday In NZ

TRY

Another All-Time High For USD/TRY

ASIA

Coming up in the Asia-Pac session on Monday:

AUSSIE BONDS

A Little Flatter Overnight, ACGB Supply Eyed

OIL
OIL: The major oil metrics operated at virtually unchanged levels, WTI last
trades at $67.70 while Brent trades at $73.90.
- Crude eased on Tuesday as French President Macron proposed the negotiation of
a new nuclear deal with Iran to appease US President Trump.
- Reports suggested that the latest API crude inventory data showed a surprise
headline build, while gasoline and distillates provided larger than expected
draws, alongside a draw in stocks at the Cushing hub.
- Traders now await Wednesday's official DoE release.
- WTI's rejection ahead of 2018 highs on Tuesday is a concern for bulls when
combined with daily studies correcting from overbought levels and the proximity
of the Bollinger top ($69.88). Pressure has returned to the low from April 23
($67.14). Bulls need a close above the YtD high ($69.55) to reconfirm focus
higher.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com