AMERICAS OIL: COLOMBIA TRACKER: Oil to US Decreased 3% in September: KPLER

Oct-01 19:20

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COLOMBIA TRACKER: Oil to US Decreased 3% in September: KPLER * Bloomberg cites data from Kpler show...

Historical bullets

AUSSIE 10-YEAR TECHS: (U5) Recovers From Its Recent Lows

Sep-01 19:14
  • RES 3: 96.501 - 76.4% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 2: 96.207 - 61.8% of the Mar 14 - Nov 1 ‘23 bear leg
  • RES 1: 95.805/960 - High Aug 8 / High Apr 7
  • PRICE: 95.645 @ 19:40 BST Sep 1
  • SUP 1: 95.415/95.300 - Low May 15 / Low Jan 14  
  • SUP 2: 95.275 - Low Nov 14  (cont) and a key support
  • SUP 3: 94.720 - 1.0% 10-dma envelope

Aussie 10-yr futures remain above their recent lows - for now. To the upside, the next resistance is at 96.207, a Fibonacci retracement point. Initial near-term resistance is seen at 95.805, the Aug 4 high. A break of this hurdle would be a bullish development. Next support undercuts at 95.420 (pierced), the Feb 13 low, ahead of 95.275, the Nov 14 low and a key support. Clearance of this level would strengthen a bearish condition.

GBPUSD TECHS: Bullish Outlook

Sep-01 19:05
  • RES 4: 1.3753 High High Jul 2   
  • RES 3: 1.3681 High Jul 4 
  • RES 2: 1.3636 76.4% retracement of the Jul 1 - Aug1 downleg
  • RES 1: 1.3550/3595 High Sep 1 / High Aug 14
  • PRICE: 1.3543 @ 19:36 BST Sep 1
  • SUP 1: 1.3391 Low Aug 22 and the bear trigger  
  • SUP 2: 1.3315 61.8% retracement of the Aug 1 - 14 bull leg
  • SUP 3: 1.3249 76.4% retracement of the Aug 1 - 14 bull leg 
  • SUP 4: 1.3142 Low Aug 1 and a key support      

The outlook in GBPUSD remains bullish and the pair continues to trade above support. The Aug 22 price pattern - a bullish engulfing candle - signals the end of a recent corrective phase. A continuation higher would open the short-term bull trigger at 1.3595, the Aug 14 high. Clearance of this level would signal scope for a climb towards 1.3636, 76.4% of the bear leg between Jul 1 and Aug 1. Key short-term support is 1.3391, the Aug 22 low.

AUSSIE 3-YEAR TECHS: (U5) Trading Above Support

Sep-01 18:50
  • RES 3: 97.190 - High May 5 2023
  • RES 2: 96.932 - 76.4% of Mar-Nov ‘23 bear leg 
  • RES 1: 96.860 - High Apr 07
  • PRICE: 96.545 @ 18:27 BST Sep 1
  • SUP 1: 96.450/95.900 - Low Jul 16 / Low Jan 14  
  • SUP 2: 95.760 - Low 14 Nov ‘24
  • SUP 3: 95.480 - Low Jan 11 2023 and a major support 

Aussie 3-yr futures are trading inside a range and closer to recent lows. A resumption of gain would further narrow the gap with resistance at 96.730, the Sep 17 ‘24 high, leaving 96.860 as the next key level. Any continuation lower would instead strengthen a bearish threat. This would refocus attention on 95.760, the 14 Nov ‘24 low. Conversely, a reversal higher would open 96.860, the Apr 7 high.