NATGAS: TTF Rebounds Amid Ongoing Summer Storage Refill Concern
TTF has rebounded from a low of 46.82/MWh yesterday on reports that the EU will not seek to relax ga...
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GILTS: Opening calls
Gilt calls, 91.48/91.69.
EQUITIES: Some attention on the Open
There'll be more focus on European Equities on the Open, and going forward.
Estoxx future (VGH5) continues to trade near Friday's high, Cash Estoxx (SX5E) traded at its highest level in two decades (highest since Sept 2000) on Friday, Bank index (SX7E) was at its highest level since 2015, and the FTSE and Dax traded at a new all time record highs.
- Calls: Estox 50: +0.25%, Dax: +0.15%, CAC: +0.25%, FTSE +0.04%, SMI +0.19%.
AUDUSD TECHS: Southbound
- RES 4: 0.6429 High Dec 12
- RES 3: 0.6384 High Dec 13
- RES 2: 0.6302/35 High Jan 6 / 50-day EMA
- RES 1: 0.6229/47 20-day EMA / High Jan 15
- PRICE: 0.6220 @ 07:53 GMT Jan 20
- SUP 1: 0.6131 Low Jan 13
- SUP 3: 0.6100 Round number support
- SUP 3: 0.6045 1.500 proj of the Sep 30 - Nov 6 - 7 price swing
- SUP 4: 0.5994 1.618proj of the Sep 30 - Nov 6 - 7 price swing
A bearish trend condition in AUDUSD remains intact and the latest shallow recovery appears corrective. The pair has recently breached 0.6179, the Dec 31 low, maintaining the price sequence of lower lows and lower highs. Note that moving average studies are in a bear-mode position too. Scope is seen for an extension towards the 0.6100 handle next. Initial firm resistance is 0.6229, 20-day EMA (pierced). The 50-day EMA is at 0.6335.
