OIL: Oil Off Highs With Iranian Oil Supply Not Impacted By Issraeli Attack

Jun-13 07:02

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WTI & Brent have shed ~$5 from the overnight highs that followed the Israeli attack on Iranian nucle...

Historical bullets

AUDUSD TECHS: Outlook Remains Bullish

May-14 07:00
  • RES 4: 0.5682 High Nov 12 ‘24  
  • RES 3: 0.6550 61.8% retracement of the Sep 30 ‘24 - Apr 9 bear leg
  • RES 2: 0.6528 High Nov 29 ‘24
  • RES 1: 0.6515 High May 7 
  • PRICE: 0.6474 @ 07:58 BST May 14
  • SUP 1: 0.6349 50-day EMA   
  • SUP 2: 0.6275 Low Apr 14    
  • SUP 3: 0.6181 Low Apr 11
  • SUP 4: 0.6116 Low Apr 10  

The trend condition in AUDUSD is bullish and the latest move down is considered corrective. Tuesday’s strong gains signal the end of the corrective pullback and attention is on key resistance and the bull trigger, at 0.6515, the May 7 high. Note that moving average studies remain in a bull-mode position, highlighting an uptrend. A resumption of the trend would open 0.6550, a Fibonacci retracement. Key support to monitor is 0.6349, the 50-day EMA.

MNI: SPAIN APR HICP +0.6% M/M, +2.2% Y/Y

May-14 07:00
  • MNI: SPAIN APR HICP +0.6% M/M, +2.2% Y/Y

GILTS: Opening calls

May-14 06:58

Gilt calls, 91.54/91.67 range.