AMERICAS OIL: Ecuador Imposes Tariffs on Colombian Oil Transit

• RES 4: $75.000 - Round number resistance
• RES 3: $73.061 - 2.764 proj of the Oct 28 - Nov 13 - 21 price swing
• RES 2: $71.771 - 2.618 proj of the Oct 28 - Nov 13 - 21 price swing
• RES 1: $70.729 - 2.500 proj of the Oct 28 - Nov 13 - 21 price swing  
• PRICE: $70.451 @ 13:40 GMT Dec 23
• SUP 1: $64.493 - Low Dec 19  
• SUP 2: $61.137 - 20-day EMA    
• SUP 3: $55.388 - 50-day EMA 
• SUP 4: $53.345 - Low Nov 28 

Trend signals in Silver remain bullish and another fresh cycle high, today, reinforces bullish conditions. This also maintains the current impulsive nature of the rally. Note that moving average studies are in a bull position and this continues to highlight a dominant medium-term uptrend. The psychological $70.00 handle has been cleared and sights are on $70.729 next, a Fibonacci projection. Initial firm support is at $60.305, the 20-day EMA.

• Treasuries reverse support after stronger than expected GDP figures, Personal Consumption rising, Durables weaker, Cap Goods/Orders stronger than expected. Philly-Fed non-mfg lower than expected
• Currently, TYH6 trades 112-11.5 (+.5) vs. 112-10 low / 112-17 high.
• Curves mixed: 2s10s +.115 at 65.514, 5s30s -.564 at 111.632.
• Bbg US$ index off lows: BBDXY at 1202.13 -3.74.

• MNI: US DEC PHILADELPHIA FED NONMFG INDEX -16.8