EURIBOR OPTIONS: Call fly buyer

• RES 4: $3000.0 - Psychological round number   
• RES 3: $2965.1 - 2.0% 10-dma envelope
• RES 2: $2962.2 - 2.00 proj of the Nov 14 - Dec 12 - 19 price swing
• RES 1: $2930.3/2956.2 - High Mar 7 / High Feb 24 and the bull trigger 
• PRICE: $2913.0 @ 07:22 GMT Mar 10 
• SUP 1: $2891.9/2832.7 - 20-day EMA / Low Feb 28  
• SUP 2: $2823.8 - 50-day EMA
• SUP 3: $2758.3 - Low Jan 30
• SUP 4: $2730.6 - Low Jan 27 

Gold is unchanged. The trend condition remains bullish and the recent pullback appears to have been a correction. A stronger rally would refocus attention on $2962.2, a Fibonacci projection. This would also open the $3000.0 handle. On the downside, a resumption of weakness would instead suggest scope for a deeper correction and expose support around the 50-day EMA, at $2823.8. The 50-day average marks a key support

SFRZ5 paper paid 96.350/355 on ~10K.

Sovereign rating reviews of note from after hours on Friday include:

• Fitch affirmed Malta at A+; Outlook Stable
• S&P affirmed Norway at AAA; Outlook Stable
• Morningstar DBRS upgraded Greece to BBB, Stable Trend