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Timeline of key events (Times BST)

AUSSIE BONDS

Firmer On Narrower Fiscal Deficit

EUROZONE

Timeline of key events (Times BST)

GBPUSD TECHS

Trend Signals Still Point South

ASIA FX

Resilience Outside Of CNH

EURUSD TECHS

Remains Below Channel Resistance

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(V2) Bearish Threat

BRENT TECHS
  • RES 4: $115.31- High Jun 17
  • RES 3: $112.92 - High Jun 29 and a key resistance
  • RES 2: $110.72 - High Jul 5
  • RES 1: $103.09/106.50 - 50-day EMA / High Jul 29
  • PRICE: $96.94 @ 05:38 BST Aug 4
  • SUP 1: $96.50 - Low Aug 3
  • SUP 2: $94.37/91.22 - Low Jul 15 / Low Jul 14 and the bear trigger
  • SUP 3: $90.00 - Round number support
  • SUP 4: $88.31 - Low Mar 9 and a key support

Brent futures traded lower yesterday to resume the pullback from $106.50, the Jul 29 high. The outlook remains bearish following a recent failure to hold on to gains above the 50-day EMA - a key pivot resistance. The EMA intersects at $103.09. Price has pierced $96.70 support, the Jul 25 low. A clear break would open $91.22, the Jul 14 low. Key resistance has been defined at $106.50. A break is required to reinstate a bullish focus.

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  • RES 4: $115.31- High Jun 17
  • RES 3: $112.92 - High Jun 29 and a key resistance
  • RES 2: $110.72 - High Jul 5
  • RES 1: $103.09/106.50 - 50-day EMA / High Jul 29
  • PRICE: $96.94 @ 05:38 BST Aug 4
  • SUP 1: $96.50 - Low Aug 3
  • SUP 2: $94.37/91.22 - Low Jul 15 / Low Jul 14 and the bear trigger
  • SUP 3: $90.00 - Round number support
  • SUP 4: $88.31 - Low Mar 9 and a key support

Brent futures traded lower yesterday to resume the pullback from $106.50, the Jul 29 high. The outlook remains bearish following a recent failure to hold on to gains above the 50-day EMA - a key pivot resistance. The EMA intersects at $103.09. Price has pierced $96.70 support, the Jul 25 low. A clear break would open $91.22, the Jul 14 low. Key resistance has been defined at $106.50. A break is required to reinstate a bullish focus.