REFINING: Russia Restarted Damaged Unit At Ilsky Oil Refinery
Russia has restarted the damaged unit at the 132kbpd Ilsky oil refinery on 18 February following a fire amid a drone attack earlier this month, industry sources told Reuters.
- A fire broke out at the Ilsky refinery in the Krasnador region on 9 February. The fire was caused by a drone attack.
- Six major refineries, accounting for more than 18% of Russia’s oil-processing volumes, have been hit to date according to Bloomberg.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
MNI: US TSY TICS NET FLOWS IN NOV +$260.2B
- MNI: US TSY TICS NET FLOWS IN NOV +$260.2B
- US TSY TICS NET L-T FLOWS IN NOV +$126.1B
USDCAD TECHS: Bulls Remain In The Driver’s Seat
- RES 4: 1.3661 High Nov 27
- RES 3: 1.3623 61.8% retracement of the Nov 1 - Dec 27 bear leg
- RES 2: 1.3608 High Dec 13
- RES 1: 1.3542 High Jan 17
- PRICE: 1.3465 @ 16:22 GMT Jan 19
- SUP 1: 1.3407/3343 20-day EMA / Low Jan 12
- SUP 2: 1.3288/3177 Low Jan 5 / Low Dec 27
- SUP 3: 1.3093 Low Jul 14 and key support
- SUP 4: 1.3055 2.0% 10-dma envelope
USDCAD maintains a firmer tone. This week’s rally has resulted in a move above the 50-day EMA, at 1.3459. The break higher confirms an extension of the corrective bull cycle that started Dec 27 last year and has opened 1.3538, 50.0% of the Nov 1 - Dec 27 bear leg. This level has been pierced, a clear break would open 1.3608, the Dec 13 high. Support to watch is 1.3343, the Jan 12 low. Initial support is at 1.3407, the 20-day EMA.
AUDUSD TECHS: Short-Term Gains Considered Corrective
- RES 4: 0.6900 High Jun 16 and a key resistance
- RES 3: 0.6871 High Dec 28 and the bull trigger
- RES 2: 0.6729/71 High Jan 12 / 3
- RES 1: 0.6639 50-day EMA
- PRICE: 0.6584 @ 16:20 GMT Jan 19
- SUP 1: 0.6526/25 Low Dec 7 and key support / Low Jan 17
- SUP 2: 0.6500 61.8% Fibonacci retracement for Oct - Dec upleg
- SUP 3: 0.6453 Low Nov 17
- SUP 4: 0.6412 76.4% Fibonacci retracement for Oct - Dec upleg
AUDUSD maintains a softer tone following this week’s bearish price action. Short-term gains are considered corrective. The pair has breached a trendline drawn from the late October low. The break strengthens a bearish theme and signals scope for a deeper correction. Attention is on 0.6526, the Dec 7 low and the next key support. A clear break would open 0.6500, a Fibonacci retracement. Initial resistance is at 0.6639, the 50-day EMA.
