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HUNGARY

Selling Pressure On HUF Remains High

EQUITIES

Technology under early pressure

USD

In the Green across the board now

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  • RES 4: $488.40 - High May 10 and the bull trigger
  • RES 3: $478.55 - High May 18
  • RES 2: $471.10 - High Jun 1
  • RES 1: $462.75 - High Jul 27
  • PRICE: $432.00 @ 12:21 BST Aug 05
  • SUP 1: $430.55 - Low Aug 03
  • SUP 2: $414.32 - Major trendline drawn from Mar 19, 2020 low (cont)
  • SUP 3: $409.40 - Low Jun 21 and key support
  • SUP 4: $400.00 - Low Apr 12

Copper futures are edging lower, with prices edging through the previous support of 440.25, prompting a deterioration in the outlook. This opens losses toward 414.32, the major trendline drawn off the Mar 19 2020 low. Upside targets sit at the $471.10, Jun 1 high.