FINLAND AUCTION PREVIEW: On offer next week
Finland has announced it will be looking to sell up to a combined E1.5bln of the following at its au...
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WTI TECHS: (X6) Price Remains Above Support
- RES 4: $109.57 - 2.236 proj of the Jul 2 - 23 - Aug 5 price swing
- RES 3: $107.10 - 76.4% retracement of the Mar - Jul bear (cont)
- RES 2: $105.61 - 2.000 proj of the Jul 2 - 23 - Aug 5 price swing
- RES 1: $101.69 - High Sep 15 and the bull trigger
- PRICE: $94.35 @ 07:52 BST Oct 14
- SUP 1: $88.37 - 50-day EMA
- SUP 2: $86.86 - Low Oct 06
- SUP 3: $72.05 - Low Aug 5 and a key support
- SUP 4: $67.09 - Low Jul 2 and the bear trigger
The trend in WTI futures is bullish and the pullback since Sep 15 still appears corrective - for now. MA studies are in a bull-mode position, highlighting a dominant uptrend. The next key support to watch is $88.37 (pierced), the 50-day EMA. A clear break of this EMA is required to undermine the bull theme and signal scope for a deeper retracement. The bull trigger is $101.69, the Sep 15 high.
MNI: SPAIN SEP FINAL HICP 5.0% Y/Y (5.0% FLASH, 4.6% AUG)
- MNI: SPAIN SEP FINAL HICP 5.0% Y/Y (5.0% FLASH, 4.6% AUG)
- SPAIN SEP HICP 0.6% M/M (0.6% FLASH, 0.7% AUG)
UK FISCAL: Healey Looks To Lower Business Costs Of Hiring Young People (City AM)
City AM reports "Chancellor John Healey is drawing up measures to slash the cost of hiring under-25-year-olds at the Budget, City AM understands, as the government looks to tackle the crisis of youth unemployment and ease pressures facing businesses".
