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MNI

Test, Please Ignore

EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

AUDUSD TECHS

Trend Indicators Remain Bearish

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  • RES 4: $644.25 - 0.764 proj of Mar 30 - May 7 - May 26 price swing
  • RES 3: $638.00 - High May 7 and the bull trigger
  • RES 2: $628.25 - High Jun 10
  • RES 1: $586.25 - High Jun 15
  • PRICE: $579.75 @ 13:44 BST Jun 16
  • SUP 1: $549.13 - 61.8% retracement of the May 26 - Jun 10 rally
  • SUP 2: $500.25 - Low May 26 and key support
  • SUP 3: $481.50 - Low Apr 7
  • SUP 4: $449.50 - Low Mar 30

Corn futures started the week on a softer note and the contract is under pressure again today. The move lower this week has resulted in a break of the 20-day EMA and price is currently testing the 50-day EMA at $554.94. A clear breach of this average would strengthen a bearish case and signal scope for a deeper retracement. On the upside, initial resistance is seen at $586.25, Jun 15 high.