SILVER TECHS: Bullish Trend Structure

Apr-02 07:02

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* RES 4: $36.560 - 1.236 proj of the Dec 19 - Feb 14 - 28 price swing * RES 3: $35.463 - 1.000 proj ...

Historical bullets

US TSY FUTURES: TY Blocked

Mar-03 07:02

Latest block trade lodged at 06:30:20 London/01:30:20 NY:

  • TYM5 4,380 lots blocked at 111-01, looks like a buyer.
  • DV01 ~$284K.

MNI: TURKEY FEB CPI +2.27% M/M

Mar-03 07:00
  • MNI: TURKEY FEB CPI +2.27% M/M

GILT TECHS: (M5) Short-Term Structure Remains Bullish

Mar-03 06:56
  • RES 4: 94.24 2.00 proj of the Feb 20 - 24 minor price swing
  • RES 3: 94.00 Round number resistance      
  • RES 2: 93.83 High Feb 6 and a bull trigger 
  • RES 1: 93.51 High Feb 26                   
  • PRICE: 93.43 @ Close Feb 28
  • SUP 1: 92.72 Low Feb 25                                   
  • SUP 2: 92.22 Low Feb 24   
  • SUP 3: 91.79 Low Feb 20 and a bear trigger 
  • SUP 4: 91.61 Low Jan 21  

A bull cycle in Gilt futures remains intact and the latest pullback appears to have been a correction. The contract traded higher last week and attention is on resistance at 93.39, the Feb 13 high. It has been pierced, a clear break of it would signal scope for a climb towards 93.83, the high on Feb 6 and a bull trigger. On  the downside, key short-term support has been defined at 91.79, Feb 20 low. A break of it would highlight a bear threat.