IRELAND: PM Wards Off ST Trouble, But Speculation Over Party Leadership To Grow

MNI Tech Trend Monitor: https://emedia.marketnews.com/marketnewsintl/MNITechTrendMonitor.pdf

We introduce the MNI Tech Trend Monitor - This document highlights a selection of key longer-term trends that we have identified in markets that could be reaching inflection points, trend reversals/extensions or technically significant levels.

Covering:

• UK Gilt 10y Yield
• UK Gilt 30y Yield
• ICE USD Index
• Europe Banking Stock Index (SX7E)

• -8,000 SFRZ5 96.50 calls, 6.5 vs. 96.355/0.33%
• -2,500 SFRH6 97.00 calls, 9.0 vs. 96.595/0.26%
• -5,000 SFRZ5 96.00/96.12/96.25/96.37 call condors, 4.0 ref 96.355
• -7,000 SFRU5 96.00 calls, 1.0 ref 95.9825
• +4,000 SFRZ5 96.68/96.87/96.93 call flys, 1.25\
• 10,000 0QZ5 96.87 put vs. 3QZ5 96.62 put spds 0.0 net/Blue Dec over

• RES 4: 6673.37 2.236 proj of the May 23 - Jun 11 - 23 price swing
• RES 3: 6617.73 2.0% 10-dma envelope
• RES 2: 6600.00 Round number resistance  
• RES 1: 6565.25 Intraday high   
• PRICE: 6557.50 @ 07:23 BST Sep 10
• SUP 1: 6462.58/6371.75 20-day EMA / Low Sep 2 
• SUP 2: 6365.35 50-day EMA 
• SUP 3: 6313.25 Low Aug 6 
• SUP 4: 6239.50 Low Aug 1 and a key support

A bull cycle in S&P E-Minis remains intact and the latest pullback has once again proved to be a shallow correction. The contract has traded to a fresh cycle today, breaching the Sep 5 high of 6541.75. This confirmed a resumption of the uptrend and maintains the price sequence of higher highs and higher lows. Sights are on the 6600.00 handle next, a Fibonacci projection. Initial support to watch is 6462.58, the 20-day EMA.