BUNDS: German 5s/30s finds resistance at the 2021 high
Apr-09 07:33
- Some Steepening unwind after Bund and the longer end Buxl recovered from their earlier lows.
- Nonetheless, the German 2s/10s managed to print its Steepest level since December 2018 at 94.033, while the German 5s/30s has found some resistance just short of 97.395, the 2021 high, printed a 96.448 high.
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US TSY FUTURES: TU Blocked
Mar-10 07:32
Latest block trade lodged at 07:17:01 London/03:17:01 NY:
- TUM5 3.2K lots blocked at 103-15.75, looks like a seller.
- DV01 ~$127K.
GOLD TECHS: Trend Needle Points North
Mar-10 07:22
- 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
STIR: SFRZ5 Lifted
Mar-10 07:20
SFRZ5 paper paid 96.350/355 on ~10K.
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