Trial now
SILVER TECHS

Bullish Extension

GOLD TECHS

Heading North

WTI TECHS

(M1) Needle Still Points North

BRENT TECHS

(N1) Bullish Conditions Remains Intact

USDCAD TECHS

Extends Lower With Bears In Charge

CABLE
MNI (London)
CABLE: Sterling remains well supported by Brexit/Election, and while this
outlook remains positive (as regards a Brexit deal) a gradual paring of long
term shorts should continue to keep sterling buoyed. Cable extended its recent
recovery to $1.2985 Monday with pullbacks supported above $1.2940, closing the
day around $1.2953. Rate drifted off to $1.2945 in early Asia before it picked
up fresh demand that lifted it to $1.2965, with further bid interest into Europe
able to extend move to $1.2970. Resistance now seen at $1.2970, stronger from
$1.2985 through to $1.3000. Traders note that the $1.3000 level holds strikes of
expiring GBP call options for Wednesday and Thursday NY cuts, Gbp1.18bln and
Gbp1.49bln respectively. Support remains into $1.2940 ahead of $1.2920 and
$1.2900.
- A light data calendar in the UK Tuesday. Most attention set on tonight's
Johnson/Corbyn televised debate 2000GMT ITV 
MNI London Bureau | +44 203-586-2231 | john.webb@marketnews.com