NATO: Rutte To Meet w/Turkey's Erdogan Ahead Of Crunch Ankara Summit

Apr-22 08:50

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NATO Secretary General Mark Rutte has been speaking at Turkish arms manufacturer Aselsan ahead of hi...

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US TSY FUTURES: TY Blocked

Mar-23 08:48

Latest block trade lodged at 08:30:28 London/04:30:28 NY:

  • TYM6 9.6K lots blocked at 110-05, looks like a seller. DV01 ~$628K.

OAT: Large Block trades

Mar-23 08:32

Block trades, suggested seller:

  • OATM6 6.4k at 117.99.
  • OATM6 6.4k at 117.98.

GILT TECHS: (M6) Bears Remain In The Driver’s Seat

Mar-23 08:29
  • RES 4: 92.15 High Mar 5 
  • RES 3: 91.52 High Mar 10 
  • RES 2: 90.06 20-day EMA   
  • RES 1: 88.131/89.09 Low Mar 13 / 18 and gap high on the daily chart      
  • PRICE: 86.59 @ 08:18 GMT Mar 23
  • SUP 1: 86.361 Intraday low   
  • SUP 2: 86.19 2.382 proj of the Feb 27 - Mar 3 - 4 rice swing
  • SUP 3: 86.00 Round number support
  • SUP 4: 85.59 2.618 proj of the Feb 27 - Mar 3 - 4 rice swing   

A volatile bear cycle in Gilt futures remains in play and Friday’s sharp sell-off, and fresh cycle low, reinforces current conditions. The contract has breached a key short-term support at 88.31, the Mar 13 low. This confirms a resumption of the downtrend that started on Feb 27. The break lower opens 86.19 next, a Fibonacci projection. Initial resistance is 88.31, the Mar 13 low. A firm resistance is at 90.06, the 20-day EMA.