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TY Hovers Near Low Ahead Of Early Close

US TSYS
  • Ahead of the early close at 1300ET, TYZ3 at 108-17+ continues to hover close to its earlier low of 108-16 having been biased lower by core EU FI price action.
  • It shrugs off Reuters headlines from the Hamas Armed Wing spokesman calling for an escalation of confrontation with Israel.
  • Support is seen at 108-05 (50-day EMA) but the short-term trend structure remains bullish with resistance at 109-08+ (Nov 17 high).
  • Volumes are unsurprisingly low at 410k, a large share being spread-related.

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