RENEWABLES: CWE Morning Solar Forecast

• RES 4: $3200.00 - Round number resistance    
• RES 3: $3196.2 - 3.236 proj of the Nov 14 - Dec 12 - 19 price swing
• RES 2: $3151.5 - 3.000 proj of the Nov 14 - Dec 12 - 19 price swing
• RES 1: $3149.0 - High Apr 1     
• PRICE: $3116.5 @ 07:23 BST Apr 2 
• SUP 1: $3076.9 - Low Mar 31 
• SUP 2: $3015.2 - 20-day EMA 
• SUP 3: $2956.2 - High Feb 24 
• SUP 4: $2924.6 - 50-day EMA

The trend condition in Gold is unchanged, it remains bullish. The latest rally  reinforces current conditions and confirms a continuation of the primary uptrend. The rally also once again, highlights fresh all-time highs for the yellow metal. Sights are on the $3151.5, a Fibonacci projection. Support to watch lies at $3004.9, the 20-day EMA. A pullback would be considered corrective.

• A small overnight gap lower for Bund, but the contract looks to close it into the cash Open, this was back up to 129.33, printed a 129.32 high so far.
• Further out, initial resistance was seen at 129.54 this Week, and the German 10yr printed a 129.59 high on Monday and 129.60 Yesterday, this 129.54/129.60 area remains the first resistance.
• Support is still seen at ~128.42.
• ALL EYES will be on Trumps Tariff's announcement now set for 16.00ET, and the subsequent retaliation Risks.
• Invertors will look for Upside risks in futures very short term, given the Global growth concerns, but the latest set of Data could point towards Stagflation going forward.
• Today on the Data front, sees US ADP, Factory orders, final Durable Goods, but unlikely to really move the needle ahead of President Trump.
• SUPPLY: UK 10yr Linker (won't impact Gilt),  Germany €4.5bn Bund (Equates to 37.3k Bund) could weigh into the bidding deadline.
• SPEAKERS: ECB Schnabel, Escriva, Holzmann, Lane, Fed Kugler, President  Trump (at 16.00ET/21.00BST).

• RES 4: $78.96 -  High Jan 15 and a reversal trigger  
• RES 3: $77.75 - High Jan 20 
• RES 2: $76.26 - High Feb 20 and a bull trigger
• RES 1: $75.29 - High Apr 1            
• PRICE: $74.40 @ 07:08 BST Apr 2  
• SUP 1: $72.29 - 20-day EMA  
• SUP 2: $69.51/67.95 - Low Mar 19 / 5 and the bear trigger
• SUP 3: $67.87 - Low Sep 10 ‘24 and a key medium-term support
• SUP 4: $66.55 1.618 proj of the Jan 15 - Feb 4 - 20 price swing

A strong rally in Brent futures Monday strengthens the current short-term bullish theme and undermines a medium-term bearish condition. The contract is trading at its recent highs and this signals scope for a climb towards the next key resistance at $76.26, the Feb 20. Clearance of this level would strengthen the bullish condition. Initial firm support to watch lies at $72.29, the 20-day EMA.