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EQUITIES

Lower In Asia Amidst Broad Risk Aversion

SNAPSHOT

No Letup In Recession Worry

BOBL TECHS

(U2) Fresh Short-Term Gains

US TSY FUTURES

FVU2 Blocked

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SILVER TECHS
SILVER TECHS: 200/100-DMAs Limits Upside
*RES 4: $15.640 - High March 21
*RES 3: $15.343 - High April 9
*RES 2: $15.150/154 - 100-dma/High Jun 7
*RES 1: $14.929/942 - Intraday high/200-dma
*PRICE: $14.880 @ 08:39 BST Jun 18
*SUP 1: $14.743 - Low Jun 13
*SUP 2: $14.649 - N/T Pivot Point
*SUP 3: $14.444 - 76.4% retracement of $13.897-16.216
*SUP 4: $14.294 - Low May 28
The 200-dma continues to cap gains to the upside near-term, with the medium-term
resistance remaining at the 100-dma. After a false break of the 200-dma last
week, the reversal lower has since been faded and bulls attempted to pull back
up to the 200-dma overnight. With the exception of 7 June, silver has failed to
close above the 200-dma since April, suggesting a lack of bullish
sustainability. A break below $14.743 would trigger a renewed bearish signal.

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