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EQUITY TECHS

E-MINI S&P (U1): Focus Is On Key Resistance

EUROZONE ISSUANCE

EGB supply for W/C 21 June, 2021: Upcoming

EUROZONE ISSUANCE

EGB supply for W/C 21 June, 2021: Recap

USDCAD TECHS

Outlook Remains Bullish

EUROZONE T-BILL ISSUANCE

Bill Supply For W/C Jun 14, 2021

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  • RES 4: 133-20+ 1.0% 10-dma envelope
  • RES 3: 133-11 1.236 proj of Apr 29 - May 7 - May 13 price swing
  • RES 2: 133-00 Round number resistance
  • RES 1: 132-29 High Jun 9
  • PRICE: 132-20 @ 16:23 BST Jun 10
  • SUP 1: 131-31+ 20-day EMA
  • SUP 2: 131-18 Low Jun 3 and 4 and key short-term support
  • SUP 3: 131-01/130-31+ Low May 19 / Low May 13
  • SUP 4: 130-23+/17+ Low Apr 29 / Low Apr 13

US 10y futures traded higher Wednesday resulting in a break of resistance at 132-20+, May 7 high. This marked a key short-term hurdle for bulls and the break removes recent bearish concerns to suggest scope for a stronger near-term recovery. Attention is on the 133-00 handle and 133-11, a Fibonacci projection. On the downside, key near-term support has been defined at 131-18, the Jun 3, 4 low. Initial support is at 131-31+.