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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

LATAM

OUTLOOK: WEEK AHEAD

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  • RES 4: $28.556 - High Jun 1
  • RES 3: $28.267 - High Jun 11
  • RES 2: $27.831 - High Jun 16
  • RES 1: $27.245 - High Jun 17
  • PRICE: $26.425 @ 09:40 BST Jun 18
  • SUP 1: $25.771 - Low Jun 17
  • SUP 2: $25.681 - 61.8% retracement of the Mar 31 - May 18 rally
  • SUP 3: $24.955 - 76.4% retracement of the Mar 31 - May 18 rally
  • SUP 4: $24.686 - Low Apr 13
Silver remains weak following yesterday's sharp sell-off. Tuesday's move lower resulted in a break of the 50-day EMA. The EMA highlighted a strong area of support and levels below it also represent a zone where demand potentially exists, assuming broader sentiment remains bullish. Currently, the break lower is bearish and attention is on $25.680 next, a Fibonacci retracement. Initial resistance is seen at yesterday's high of $27.245.