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Consolidation Mode But Remains Bearish


Fails To Hold Onto Thursday’s High


'Big Tech' Bill Goes To Senate


Oil Up For Fifth Week On Supply Disruption, Geopolitics

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  • Polish equities, which had looked vulnerable in recent weeks, received strong support in today’s trading session amid global risk-environment.
  • China RRR cut yesterday was followed by a significant drop in volatility, which has been favorable for EM risky assets.
  • WIG20 index broke above its 200DMA resistance today, next resistance to watch on the topside stands at 2,246.80, followed by 2,322 (100DMA).
  • Key support to watch on the downside stands at 2,103.51, which corresponds to the 38.2% Fibo retracement of the 1,496.80 – 2,478.60 range.

Source: Bloomberg/MNI