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MNI

Test 003, Please Ignore

MNI

Test, Please Ignore

EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

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  • RES 4: 4349.89 3.0% 10-dma envelope
  • RES 3: 4300.00 Round Number Resistance
  • RES 2: 4264.41 1.618 proj of Mar 25 - May 10 - 13 price swing
  • RES 1: 4258.25 High Jun 15
  • PRICE: 4217.25 @ 06:59 BST Jun 18
  • SUP 1: 4155.50 Low Jun 3
  • SUP 2: 4142.21/4046.00 50-day EMA / Low May 19
  • SUP 3: 4020.20 Low May 13 and key short-term support
  • SUP 4: 4005.50 Low Apr 5

S&P E-minis maintain a bullish tone however the recent pullback suggests the contract has entered a corrective cycle. A deeper pullback would open 1.4155.50, the Jun 3 low and the 50-day EMA at 4142.21. The EMA represents a key support level. A clear break of the average is required to signal potential for a deeper retracement. On the upside, key resistance has been defined at 4258.25, Jun 15 high and this level marks the bull trigger.