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Risk Assets Struggling On Evergrande Worry?

SGD

Lower For Third Session

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ACGB Purchase Offer Details

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Plenty Of Holidays In Play This Week

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Regional Holidays Sap Liquidity In Asia

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  • RES 4: 4542.58 1.236 proj of Jun 21 - Jul 14 - 19 price swing
  • RES 3: 4500.00 Round number resistance
  • RES 2: 4481 75.1.00 proj of Jun 21 - Jul 14 - 19 price swing
  • RES 1: 4420.92 0.764 proj of Jun 21 - Jul 14 - 19 price swing
  • PRICE: 4406.25 @ 07:02 BST Jul 27
  • SUP 1: 4330.80 20-day EMA
  • SUP 2: 4260.36/4224.00 50-day EMA / Low Jul 19 and key support
  • SUP 3: 4126.75 Low Jun 21
  • SUP 4: 4046.00 Low May 19

S&P E-minis traded higher again yesterday, delivering another all-time high. The move higher confirms a resumption of the underlying trend and signals scope for a continuation near-term. Recent weakness resulted in a break of 4279.25, Jul 8 low. However the contract found support at the 50-day EMA - the average represents an important trend support area. The focus is 4420.92 next, a Fibonacci projection. Key support is at 4224.00, Jul 19 low.