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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

AUDUSD TECHS

Trend Indicators Remain Bearish

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  • RES 4: $74.47 - 3.382 proj of Mar 23 - 30 - Apr 5 price swing
  • RES 3: $74.00 - Round number resistance
  • RES 2: $73.20 - 3.236 proj of Mar 23 - 30 - Apr 5 price swing
  • RES 1: $72.99 - High Jun 16 and the bull trigger
  • PRICE: $70.80 @ 09:21 BST Jun 18
  • SUP 1: $69.01 - 20-day EMA
  • SUP 2: $67.02 - High May 18
  • SUP 3: $66.01 - 50-day EMA
  • SUP 4: $65.25 - Low May 26

WTI crude has pulled back from Wednesday's high and appears to have entered a corrective phase. Attention turns to the 20-day EMA at $69.01. If breached potential would exist for a deeper pullback towards $67.02, May 18 high and former breakout level. On the upside, key resistance and the bull trigger remains $72.99, Jun 16. A break of this level would confirm a resumption of the underlying uptrend.