OIL: Houston Ship Channel Reopens to All Traffic After Fog: Moran

• Stocks are trading near steady to mixed late Wednesday, off session lows with the DJIA outperforming. Risk sentiment cooled slightly following the December FOMC minutes release, trading accounts mindful of Thursday close for equities in observance of former President Carter's funeral ceremony.
• Currently, the DJIA trades up 9.31 points (0.02%) at 42538.47, S&P E-Minis down 4.25 points (-0.07%) at 5950.75, Nasdaq down 31.5 points (-0.2%) at 19459.07.
• Health Care led gainers for the second day running with Boston Scientific +4.49%, GE HealthCare +3.89% and Medtronic gained 3.27%. Industrials followed in the second half: Howmet Aerospace +2.53%, Transdigm Group +2.17%, Lennox International +2.03%.
• Conversely, Communication Services and Utility sectors continued to underperform in late trade, interactive media and entertainment shares weighed on the former: Warner Bros -3.57%, Paramount -1.38%, Match Group -1.48%. Independent power providers weighed on the Utility sector with AES Corp -5.29%, Vistra -2.21%.

• RES 4: 0.8448 High Oct 31 and reversal trigger
• RES 3: 0.8400 High Nov 5   
• RES 2: 0.8376 High Nov 19 and a bull trigger
• RES 1: 0.8352 High Jan 8  
• PRICE: 0.8344 @ 19:56 GMT Jan 8
• SUP 1: 0.8284 Low Jan 8 
• SUP 2: 0.8263/23 Low Dec 31 / 19
• SUP 3: 0.8203 Low Mar 7 2022 and a major support
• SUP 4: 0.8188 1.00 proj of the Oct 31 - Nov 11 - 19 price swing

EURGBP traded sharply higher Wednesday and in the process breached resistance at the 50-day EMA, at 0.8311. The cross is also through the December highs. This undermines the recent bearish theme and suggests scope for a stronger short-term recovery. A continuation of the bull leg would expose 0.8376, the Nov 19 high and the next important resistance. Initial support lies at 0.8284, the Jan 8 low.