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(U2) Solid Bounce Into the Close


Bullish Price Structure


Clears Key Support


Retracement Mode


Oil Supply Constraints Trump Lower Demand


Pullback Considered Corrective

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(Z8) Retains Neutral Outlook....>

AUSSIE 3-YEAR TECHS: (Z8) Retains Neutral Outlook
*RES 4: 98.350 - High June 5 2017
*RES 3: 98.192 - Up Trendline
*RES 2: 98.190 - 50% Fib 98.700-97.675
*RES 1: 98.110 - High Nov 30, 17
*PRICE: 98.075 @ 16:36 GMT, Dec 17
*SUP 1: 97.775 - 76.4% 97.675-98.100
*SUP 2: 97.753 - Trendline Support
*SUP 3: 97.727 - 50% 96.754-98.700
*SUP 4: 97.719 - June low
The pullback in the AU 3-Yr based ahead of the 38.2% retracement of
97-775-98.100 Friday to keep the recent uptrend intact. Consolidation remains
the theme with bulls targeting the Dec 7 high & Nov 30 2017 highs at 98.100/110,
a break opens the 50% retracement level at 98.19. The 200-dma remains firm
support at 97.877, below here opens the 76.4% retracement of the 97.675-98.050
move at 97.775.

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