ICE EUA FUTURES TECHS: (Z5) Bears Remain In The Driver’s Seat
Mar-06 13:35
- RES 4: €85.00 - Round number resistance
- RES 3: €84.50 - High Jan 30 and the bull trigger
- RES 2: €74.97/80.49 - 50-day EMA / High Feb 13
- RES 1: €70.69 - Low Feb 26
- PRICE: €67.57 @ 13:24 GMT Mar 6
- SUP 1: €67.18 - Intraday low
- SUP 2: €64.05 - Low Dec 17 ‘24 and a key support
- SUP 3: €61.98 - Low Oct 9 ‘24 and a key medium-term support
- SUP 4: €59.26 - Low Apr 3 ‘24
ICE EUA futures maintain a softer tone and a sharp sell-off this week confirms a resumption of the downtrend. The contract has traded through the final retracement point of the Dec 17 - Jan 30 bull leg - the 76.4% retracement at €68.88. This strengthens the current bearish theme and signals potential for a move towards the next key support at €64.05, the Dec 17 ‘24 low. On the upside, initial firm resistance to watch is €74.97, the 50-day EMA.
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GOLD: At a new all time record high
Feb-04 13:29
- Not seeing much in terms of move in the Dollar, but Platinum and Gold are seeing some demand here, it is not a session high for Platinum yet, but some investors will be watching Gold, as it tests a fresh all time record high.
- Next immediate resistance is seen at $2845.2 - 1.382 proj of the Nov 14 - Dec 12 - 19 price swing.
- There's some spillovers into Silver, testing the late January high, the highest printed level since 12th December.
- The next resistance in Silver will be $32.338 - High Dec 12 and a key resistance.
MNI EXCLUSIVE: MNI Looks at the EU's Response to US Tariffs
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- The House Budget Committee delayed a crucial first step to unlocking budget reconciliation.
- Trump named Treasury Secretary Scott Bessent as acting head of the CFPB.
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- Israeli Prime Minister Benjamin Netanyahu will meet Trump at the White House today amid concerns over phase two of the Gaza ceasefire deal.
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Full article: US DAILY BRIEF
