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COAL

India’s Coal Demand Yet To Peak

OPTIONS

Expiries for Nov10 NY cut 1000ET (Source DTCC)

US TSY FUTURES

Bonds Bounce on Russia Withdrawal Headlines Too

US 10YR FUTURE TECHS

‌‌(Z2)‌‌ Sights Are On The Bear Trigger

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Remains Vulnerable

GBPUSD TECHS
  • RES 4: 1.2406 High Jun 16 and a key resistance
  • RES 3: 1.2332 High Jun 27
  • RES 2: 1.2213 High Jun 29
  • RES 1: 1.2056/2095 High Jul 8 / 20-day EMA
  • PRICE: 1.1861 @ 06:09 BST Jul 14
  • SUP 1: 1.1807 Low Jul 12
  • SUP 2: 1.1795 0.764 proj of the Mar 23 - May 13 - 27 price swing
  • SUP 3: 1.1777 Low Mar 26 2020
  • SUP 4: 1.1673 1.00 proj of the May 27 - Jun 14 - 16 price swing

GBPUSD is unchanged. Trend conditions remain bearish - a fresh trend low on Tuesday of 1.1807 confirms a resumption of the downtrend. This marks an extension of last week’s move lower that resulted in a break of a bear trigger at 1.1934, Jun 14 low. The focus is on 1.1795 next, a Fibonacci projection. Clearance of this level would open the Mar 26 2020 lows of 1.1777. Firm resistance is seen at 1.2095, the 20-day EMA.

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