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COMMODITIES

Gold, Silver Under Pressure

GBPUSD TECHS

Holding Below Key Short-Term Resistance

EURUSD TECHS

Bearish Pressure Returns

COMMODITIES

Gold, Silver Under Pressure

(U18) Examining 97.500..........>

US EURODOLLAR TECHS
US EURODOLLAR TECHS: (U18) Examining 97.500 Support After 97.640 Caps Rise
*RES 4: 97.680 Mar 28 high
*RES 3: 97.640 May 29 high
*RES 2: 97.615 May 30 high
*RES 1: 97.565/575 Hourly resistance
*PRICE: 97.525 @1105GMT
*SUP 1: 97.500/510 May 17-22 lows
*SUP 2: 97.475 Apr 25, May 8 lows
*SUP 3: 97.425 50% Fibo of 95.695-99.155
*SUP 4: 97.395 Broken 9 month resistance line
*COMMENTARY* Saw a move back above the 9 month falling resistance line earlier
last month, which has fallen by time to 97.395 this week and this has been the
precursor to some recovery. We have subsequently seen a rally back to 97.640 so
far, where the rally has stalled, the Mar 28 high at 97.680 the next resistance
of consequence higher. As a result, support from 97.575-97.555 has been lost,
although 97.510-97.500 provides a stronger base below.