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Coming up in the Asia-Pac session on Friday:

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Coming up in the Asia-Pac session on Friday:

USDCAD TECHS

Bullish Trend Conditions Intact

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(X2) Bear Trend Extension

WTI TECHS
  • RES 4: $97.91 - High Jul 29 and a reversal trigger
  • RES 3: $96.82 - High Aug 30 and key resistance
  • RES 2: $89.35 - 50-day EMA
  • RES 1: $86.68 - High Sep 21
  • PRICE: $78.83 @ 14:53 BST Sep 23
  • SUP 1: $77.86 - Low Feb 1
  • SUP 2: $75.70 - Low Jan 24
  • SUP 3: $76.11 - 1.618 proj of the Jul 29 - Aug 16 - 30 price swing
  • SUP 4: $71.22 - 2.00 proj of the Jul 29 - Aug 16 - 30 price swing

Bearish conditions in WTI futures have been reinforced - the contract has traded lower and cleared support at $80.89. This marks a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. The focus is on $77.86 next, the Feb 1 low. On the upside, key short-term resistance is unchanged at $89.35, the 50-day EMA. Initial resistance is seen at $86.68.

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  • RES 4: $97.91 - High Jul 29 and a reversal trigger
  • RES 3: $96.82 - High Aug 30 and key resistance
  • RES 2: $89.35 - 50-day EMA
  • RES 1: $86.68 - High Sep 21
  • PRICE: $78.83 @ 14:53 BST Sep 23
  • SUP 1: $77.86 - Low Feb 1
  • SUP 2: $75.70 - Low Jan 24
  • SUP 3: $76.11 - 1.618 proj of the Jul 29 - Aug 16 - 30 price swing
  • SUP 4: $71.22 - 2.00 proj of the Jul 29 - Aug 16 - 30 price swing

Bearish conditions in WTI futures have been reinforced - the contract has traded lower and cleared support at $80.89. This marks a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. The focus is on $77.86 next, the Feb 1 low. On the upside, key short-term resistance is unchanged at $89.35, the 50-day EMA. Initial resistance is seen at $86.68.