Trial now

Needle Still Points South


Oil Holds Close to Highs, Recovery Secured


EUROPE SUMMARY: Vol Trades En Vogue Post-ECB

Y113.50 Currently Protects Key.....>

DOLLAR-YEN TECHS: Y113.50 Currently Protects Key Y113.34-Y113.24 Support
*RES 4: Y114.81 1.618 swing of Y114.25-Y113.34
*RES 3: Y114.66 1.618 swing of Y113.51-Y111.65
*RES 2: Y114.45/55 Oct 27 high, 1% volatility band
*RES 1: Y114.10/20 Hourly resistance
*PRICE: Y113.60 @1005GMT
*SUP 1: Y113.50/55 Hourly support
*SUP 2: Y113.24/34 Oct 23, Oct 26 lows
*SUP 3: Y113.07 Hourly basing area Oct 20
*SUP 4: Y112.70 Initial recovery high Oct 19, now support
*COMMENTARY* The break above Y114.33 on Friday, yielded a brief spike to the
upper 1% volatility band, at Y114.45 at the time, before once again retreating
into the recent range. Still looking to support from around Y113.50-55 to hold,
if we are to regroup for another upside foray. Above Y114.45 and there are still
several resistances between Y114.55-Y114.81 to negotiate next. Below Y113.50
will put key Y113.34-Y113.24 under pressure.