AMERICAS OIL: "US Jan. Services PMI 52.9 vs Flash Reading 52.8"-bbg

• RES 4: 6194.19 1.236 proj of the Aug 5 - Sep 3 - Sep 9 price swing    
• RES 3: 6178.75 High Dec 6 and key resistance   
• RES 2: 6163.75 High Dec 16  
• RES 1: 6041.75/6107.50 Intraday high / High Dec 26         
• PRICE: 6039.00 @ 14:34 GMT Jan 6 
• SUP 1: 5911.25/5866.00 Low Jan 3 / Dec 20       
• SUP 2: 5811.65 38.2% retracement of the Aug 5 - Dec 6 bull leg  
• SUP 3: 5784.00 Low Nov 4 
• SUP 4: 5698.25 50.0% retracement of the Aug 5 - Dec 6 bull leg

A bear threat in the S&P E-Minis contract remains present despite the most recent gains. The reversal lower from the Dec 26 high, highlights the end of the Dec 20 - 26 correction. Attention is on 5866.00, the Dec 20 low and a key S/T support. Clearance of this level would strengthen a bearish theme. Initial firm resistance is 6107.50, the Dec 26 high. Clearance of this level would highlight a bull reversal and open key resistance at 6178.75, the Dec 6 high.  

• MNI: US FINAL DEC SRVICES PMI 56.8 (FLASH 58.5); NOV 56.1

US President-elect Donald Trump has issued a statement on Truth Social denying a widely circulated report published by the Washington Post this morning claiming that Trump's aides are exploring "tariff plans that would be applied to every country but only cover critical imports". See: US: Trump Aides Exploring More Limited Universal Tariff Plan, WAPO 

• Trump: "The story in the Washington Post, quoting so-called anonymous sources, which don't exist, incorrectly states that my tariff policy will be pared back. That is wrong. The Washington Post knows it's wrong. It's just another example of Fake News."
• Trump offered no new information on his tariff strategy in an interview with Hugh Hewitt this morning but suggested he and  Chinese President Xi Jinping "will probably get along very well."
• Trump told Hewitt: "...their economy is not doing very well right now, and they need us very badly. I believe we will, you know, I had a great relationship until COVID. That was a that was a bridge too far, but I had a great relationship with President Xi."