BUND TECHS: (Z5) Clears Resistance
Oct-08 12:40
- RES 4: 129.50 High Aug 5
- RES 3: 129.58 61.8% retracement of the Jun 13 - Sep 3 bear leg
- RES 2: 129.44 High Sep 10 and key short-term resistance
- RES 1: 129.07 76.4% retracement of the Sep 10 - 25 bear leg
- PRICE: 128.97 @ 13:24 BST Oct 8
- SUP 1: 128.25/127.88 Low Oct 7 / Low Sep 25
- SUP 2: 127.61 Low Sep 3 and the bear trigger
- SUP 3: 127.46 1.00 proj of the Aug 14 - 15 - 28 price swing
- SUP 4: 127.13 1.236 proj of the Aug 14 - 15 - 28 price swing
Bund futures have rallied sharply higher today and in the process cleared initial resistance at 128.84, the 61.8% retracement of the Sep 10 - 25 bear leg. The breach signals scope for a stronger recovery and potentially exposes key resistance at 129.44, the Sep 10 high. The next resistance is 129.07, the 76.4% retracement. The Oct 7 low of 128.25, has been defined as a key short-term support.
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EURIBOR OPTIONS: Recent Euribor Trades
Sep-08 12:36
Recent Euribor trades highlight divergences in opinion in the path for ECB policy rates:
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US TSY FUTURES: BLOCK: Dec'25 2Y Sale
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US: MNI POLITICAL RISK - Trump Edges Closer To New Russia Sanctions
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- Trump issued a ‘last warning’ to Hamas as Israel initiates a new military phase in Gaza City.
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Full Article: US DAILY BRIEF
