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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

EQUITY TECHS
  • RES 4: 4320.85 3.0% 10-dma envelope
  • RES 3: 4239.26 1.764 proj of the Feb 1 - Feb 16 - Mar 4 price swing
  • RES 2: 4238.25 High May 10 and the bull trigger
  • RES 1: 4232.50 Intraday high
  • PRICE: 4221.25 @ 06:58 BST Jun 7
  • SUP 1: 4142.50 Low May 24
  • SUP 2: 4116.66/4055.60 50-day EMA / Low May 19
  • SUP 3: 4029.25 Low May 13 and key short-term support
  • SUP 4: 4021.00 Low Apr 5

S&P E-minis rebounded Friday. The trend outlook is unchanged and remains bullish. Recent gains resulted in a break of 4185.00, May 21 high reinforcing the bullish significance of the recovery in May from support defined by the 50-day EMA - the average was tested twice in May. Attention is on key resistance and the bull trigger at 4238.25, May 10 high. Initial firm support is at 4055.50, May 19 low.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com