EU FINANCIALS: ASR Nederland: H125 Results

• RES 4: $40.285 - 1.618 proj of the Apr 7 - 25 - May 15 swing
• RES 3: $40.000 - Psychological round number 
• RES 2: $39.655 - 1.500 proj of the Apr 7 - 25 - May 15 swing
• RES 1: $39.132 - High Jul 14     
• PRICE: $38.339 @ 08:04 BST Jul 21  
• SUP 1: $37.096 - 20-day EMA
• SUP 2: $35.820 - 50-day EMA 
• SUP 3: $33.967 - Low Jun 3 
• SUP 4: $32.615 - Low May 22 

Trend signals in Silver continue to point north with the metal trading closer to its recent highs. On Jul 11, Silver cleared a key short-term resistance at $37.317, the Jun 18 high. This confirmed a resumption of the uptrend. Note too that moving average studies are in a bull-mode position, highlighting a clear uptrend. Sights are on the $39.655 next, a Fibonacci projection. On the downside, initial support to watch lies at $37.096, the 20-day EMA.

• RES 4: 1.3920 High May 21  
• RES 3: 1.3862 High May 29 
• RES 2: 1.3798 High Jun 23  
• RES 1: 1.3746/74 50-day EMA / High Jul 17 
• PRICE: 1.3719 @ 08:00 BST Jul 21
• SUP 1: 1.3639/3557 Low Jul 08 / 03
• SUP 2: 1.3540 Low Jun 16 and the bear trigger
• SUP 3: 1.3503 1.618 proj of the Feb 3 - 14 - Mar 4 price swing
• SUP 4: 1.3473 Low Oct 2 2024

USDCAD is unchanged and trades closer to its recent highs. Attention is on resistance at 1.3746, the 50-day EMA. It has been pierced. A clear break of it is required to highlight a possible stronger S/T reversal. This would open 1.3798, Jun 23 high. For now, a bear trend remains in place. A resumption of weakness would refocus attention on key support at 1.3540, the Jun 16 low. Clearance of this level would confirm a resumption of the downtrend. 

Futures called 91.35-45 at the open.