FINANCIALS: EQT (//A-) - Q1 Sales/AUM Headlines

• RES 4: 107.120 High Mar 4 and key resistance    
• RES 3: 106.905 High Mar 5     
• RES 2: 106.847 61.8% retracement of the Mar 4 - 6 bear leg  
• RES 1: 106.762 50.0% retracement of the Mar 4 - 6 bear leg               
• PRICE: 106.680 @ 06:17 GMT Mar 17    
• SUP 1: 106.530/405 Low Mar 10 / 6 and the bear trigger   
• SUP 2: 106.350 2.000% retracement proj of the Feb 19 - Mar 4  
• SUP 3: 106.259 2.236% retracement proj of the Feb 19 - Mar 4 
• SUP 4: 106.203 2.382% retracement proj of the Feb 19 - Mar 4   

A bearish condition in Schatz futures remains intact with price still trading closer to its recent lows. Recent weakness resulted in a breach of key support at 106.735, the Feb 19 low. Clearance of this level strengthens a bearish theme and signals scope for a deeper sell-off, towards 106.350 next, a Fibonacci retracement. The trend is oversold and the latest bounce is allowing this to unwind. First resistance is 106.762, a Fibonacci retracement.

• RES 4: 1.3175 High Oct 4 2024  
• RES 3: 1.3119 76.4% retracement of the Sep 26 ‘24 - Jan 13 bear leg
• RES 2: 1.3048 High Nov 6 ‘24
• RES 1: 1.2988 High Mar 12 
• PRICE: 1.2935 @ 06:32 GMT Mar 17 
• SUP 1: 1.2862 Low Mar 12     
• SUP 2: 1.2778 20-day EMA
• SUP 3: 1.2656 50-day EMA and a short-term pivot support  
• SUP 4: 1.2556 Low Feb 28      

GBPUSD is trading in a tight range and remains closer to its recent highs. The trend outlook is bullish - moving average studies are in a bull-mode position, highlighting a clear dominant uptrend. The pair has recently pierced a Fibonacci retracement at 1.2924, 61.8% of the Sep 26 ‘24 - Jan 13 bear leg. A clear break of this price point would open 1.3048, the Nov 6 2024 high. Initial firm support is 1.2656, the 50-day EMA.  

• RES 4: 118.310 Low Mar 3        
• RES 3: 118.090 High Mar 5          
• RES 2: 117.850 Low Feb 20     
• RES 1: 117.316 38.2% retracement of the Feb 28 - Mar 6 sell-off                                  
• PRICE: 116.860 @ 06:09 GMT Mar 17 
• SUP 1: 116.250 Low Mar 6 and the bear trigger     
• SUP 2: 116.309 3.618 proj of the minor Feb 28 - Mar 3 - 4 price swing
• SUP 3: 116.309 3.618 proj of the minor Feb 28 - Mar 3 - 4 price swing 
• SUP 4: 116.202 3.764 proj of the minor Feb 28 - Mar 3 - 4 price swing     

Bobl futures are in consolidation mode and price is trading closer to its recent lows. A bear threat remains in play. Former support at 117.850, the Feb 20 low, has recently been cleared. The sell-off signals scope for an extension towards 116.000. The contract is still in oversold territory. Gains would be considered corrective and a recovery would allow this set-up to unwind. Firm resistance to watch is seen at 117.850, the Feb 20 low.