Focusing on Euro-Fin, Ndx and Oil/Cu for at least the start of week, along with its impact on A/U.
European financials, $e1fin stockcharts, bounced from good support Thurs at 147.2 to close 149.3. US futures selling Friday increases chance e1fin sell could deepen to a lower support level at 136.
Ndx seems to have topped being unable to move up close to and beyond 2800. Strong support comprising 2 trends converging on 2650 likely to generate a bounce. Ndx res at 2733 and intradays 2737/44, the higher would (un)likely take Dow to around 13k.
Oil, and also Cu selling could continue, with Texas support at 100 and Brent at 120 clear targets as US nat gas moves deeper into new lows. Brent eod support at 122.5 to watch. Cu has just fallen thru its 10wk wedge this morning, with eod res now at 377.
For A/U, have res at 103.05 then daily at 103.13, and (im)possibly intraday 103.33 on 4hr. Support on 4hr lines up with last weeks low in couple candles at 102.4s
AUD
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Focusing on Euro-Fin, Ndx and Oil/Cu for at least the start of...
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