AMERICAS OIL: WTI Ticks Up Despite US Crude Build

Feb-20 17:20

WTI has ticked up following EIA data showing a slightly above expectation US crude build of 4.6m bbl...

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US 10YR FUTURE TECHS: (H5) Gains Considered Corrective

Jan-21 17:06
  • RES 4: 110-25   High Dec 12
  • RES 3: 109-31   High Dec 18   
  • RES 2: 109-17+ 50-day EMA  
  • RES 1: 109-04/109-06 High Jan 21 / High Dec 31 
  • PRICE:‌‌ 108-23+ @ 17:05 GMT Jan 21
  • SUP 1: 108-00/107-06 Low Jan 16 / 13 and the bear trigger    
  • SUP 2: 107-04   Low Apr 25 ‘24 and a key support  
  • SUP 3: 107-00   Round number support
  • SUP 4: 106-11   2.00 proj of the Oct 1 - 14 - 16 price swing  

The medium-term trend condition in Treasury futures remains bearish and the recovery that started Jan 13, is considered corrective. The contract has traded through the 20-day EMA, at 108-17. This exposes 109-06, the Dec 31 high, and 109-17+, the 50-day EMA. A clear break of the 50-day average is required to strengthen a bullish theme. The bear trigger has been defined at 107-06, the Jan 13 low.    

FED: US TSY TO SELL $95.000 BLN 4W BILL JAN 23, SETTLE JAN 28

Jan-21 17:05
  • US TSY TO SELL $95.000 BLN 4W BILL JAN 23, SETTLE JAN 28

FED: US TSY TO SELL $90.000 BLN 8W BILL JAN 23, SETTLE JAN 28

Jan-21 17:05
  • US TSY TO SELL $90.000 BLN 8W BILL JAN 23, SETTLE JAN 28

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