Nasdaq 100 trades in record highs, EUR/USD in 3 ¾ year high while WTI is little changed
Nasdaq 100 trades in record highs amid hopes of US-Canada trade agreement, EUR/USD in 3 ¾ year high while WTI is little changed amid low volatility.
Nasdaq 100 trades in all-time highs
The Nasdaq 100 continues to trade in all-time highs, now that it has risen above its previous February record high at 22,222 with the 23,000 region being in focus.
Support sits around the February high at 22,222 with further support lying around the 11 June high at 22,042.
While the 23 June low at 21,553 underpins, the medium-term uptrend is bullish.
Support below this level can be seen around the 5 June low at 21,473. Further down lies the 19 May low at 21,139.
EUR/USD continues its advance
EUR/USD trades in 3 3/4 year highs, at levels last seen in September 2021, with the 22 September 2021 high at $1.1756 nearly having been reached.
Another potential upside target is the 13 August 2021 peak at $1.1805, ahead of the August 2021 high at $1.1909.
Minor support may be spotted around the October 2021 peak at $1.1692, the August 2021 low at $1.1664 and the 12 June high at $1.1632. Since these levels previously acted as resistance, because of inverse polarity, they are expected to act as support.
WTI trades in low volatility, held by support
WTI's wind has been taken out of its sails with the past four trading days showing extreme low volatility trading, held by the $64.83-to-$63.86 per barrel support zone. It contains the late April-to-early June high as and last week's low and is expected to continue to hold.
If not, the 55-day simple moving average (SMA) at $63.54 may be reached. Further down minor support may be spotted around the 4 June low at $62.21.
Minor resistance is seen around the 26 June high at $66.39 and between the $67.88 mid-June low and the 200-day SMA at $68.47.
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