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UK DATA

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USDCAD TECHS

Still Vulnerable

EUROZONE ISSUANCE

EGB Supply For W/C Oct 18, 2021 (2/2)

AUDUSD TECHS

Bullish Price Sequence

EUROZONE ISSUANCE

EGB Supply For Oct W/C Oct 18, 2021 (1/2)

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Oct 18, 2021 (2/2)

EQUITY TECHS
  • RES 4: 4261.44 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: 4212.75 Intraday High
  • PRICE: 4205.25 @ 14:07 BST May 25
  • SUP 1: 4055.60 Low May 19
  • SUP 2: 4029.25 Low May 13 and key short-term support
  • SUP 3: 4021.00 Low Apr 5
  • SUP 4: 3959.51 100-dma

S&P E-minis started the week on a firm note trading higher yesterday and breached initial resistance at 4185.00, May 21 high. This reinforces the bullish significance of the recent recovery from support defined by the 50-day EMA that has been tested twice this month. The break higher refocuses attention on key resistance and the bull trigger at 4238.25, May 10 high. On the downside, initial firm support is at 4055.50, May 19 low.

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