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GOLD TECHS

Approaching The Base Of The Bull Channel

WTI TECHS

(F2) Bounces Off Yesterday’s Low

MARKET INSIGHT

What to watch

BRENT TECHS

(G2) Strong Rebound From Yesterday’s Low

GILT TECHS
GILT TECHS: (U18) 123.00 Break Allows A Greater 123.30-123.39 Recovery
*RES 4: 123.88 76.4% Fibo of 124.67-121.33
*RES 3: 123.52 May 31 high
*RES 2: 123.39 1% vol band, 61.8% Fibo of 124.67-121.33
*RES 1: 123.30 1.618 swing of 122.92-122.31
*PRICE: 122.93 @1525GMT 
*SUP 1: 122.80 Jun 18 high, now support
*SUP 2: 122.60 Hourly support
*SUP 3: 122.44 Jun 18 low
*SUP 4: 122.25 Jun 13 high, now support
*COMMENTARY* A low of 121.33 last week, this being the protection against a
further 121.16-121.01 fall, where two 76.4% Fibo retrace levels reside. As a
result, became oversold in the near term, the subsequent break above
121.92-121.96, allowing initial respite, followed by the further move through
122.31. Now seeing 123.30-123.39 as possible and the next band of resistance to
this recovery. Support 122.80-122.60 and then more importantly 122.44.