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COMMODITIES

Lumber Breaks Back Above Its 200DMA

BRAZIL

Precatorios Bill Comfortably Passes Senate Vote

EURUSD TECHS

Holding Onto The Bulk Of Recent Gains

PIPELINE

Update Guidance: Daimler Trucks 8Pt, Capital One

Down Trend Channel Top In.......>

EURO-STERLING TECHS
EURO-STERLING TECHS: Down Trend Channel Top In Focus
Bulls closed back above the 200-dma at 0.8834 yesterday, building on recent
momentum. Down trend channel resistance from the Aug highs lies just ahead of
yesterday's high, above which the Oct 30 high at 0.8939 would open. Bears need
to push back below the 200-dma to return the focus to the downside and target
the 0.8700 level, before turning attention towards Tuesday's multi-month lows of
0.8656.