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COMMODITIES

LEVELS UPDATE: Precious metals up, natgas down

EQUITIES

Asian and European equities in the red

Testing Channel Top: *RES 4:....>

EURO-STERLING TECHS
EURO-STERLING TECHS: Testing Channel Top:
*RES 4: 0.9015 High Sep 9
*RES 3: 0.8975 High Sep 13
*RES 2: 0.8969 100-dma
*RES 1: 0.8937 High Oct 1
*PRICE: 0.8902 @ 04:44 GMT Oct 2
*SUP 1: 0.8832 Low Sep 30
*SUP 2: 0.8803 Low Sep 25
*SUP 3: 0.8787 Low Sep 19 and bear trigger
*SUP 4: 0.8772 Low May 22
EURGBP probed bear channel resistance at 0.8929 Tuesday. Selling pressure off
the high though means the cross remains within the channel. Key resistance has
been defined at 0.8937, yesterday's high with the channel top at 0.8918 today. A
break and close above 0.8937 would highlight a channel breakout and bullish
reversal. Near-term, the pair also needs to hold above 0.8832 if an upside
challenge is to be mounted. Sub 0.8832 levels would be bearish.