Free Trial
FOREX

Risk Recovery Sees Greenback Pare Earlier Gains

AUDUSD TECHS

Key Support Pierced

EURJPY TECHS

Corrective Pullback Still In Play

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(V20) Reversal Conditions Met

WTI TECHS
  • RES 4: $44.40 - Low Mar 2
  • RES 3: $43.78 - High Aug 26 and the intraday bull trigger
  • RES 2: $43.21 - High Sep 2
  • RES 1: $42.35 20-day EMA
  • PRICE: $41.00 @ 06:56 BST Sep 4
  • SUP 1: $40.22 - Low Sep 3
  • SUP 2: $39.89 - Low Aug 3
  • SUP 3: $39.00 - Low Jul 10 and 30 and a reversal trigger
  • SUP 4: $37.89 - Low Jun 29

WTI futures remain vulnerable following this week's sell-off with losses extending the pullback from the recent high of $43.78, Aug 26 high. Wednesday's move resulted in a breach of support at $41.46, Aug 21 low and yesterday saw the 50-day EMA at $41.27 breached. This signals a short-term top and the start of a deeper correction exposing $39.00, Jul 30 low. On the upside, initial resistance is seen at $42.35, the 20-day EMA.

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.