EUROPEAN INFLATION: German February PPI ex-Energy Slightly Accelerates

Gilt calls, 92.63/92.81 range.

Some focus on the Cash Equity open, VGH5 is testing a new record high, while the Dax futures just tested Yesterday's high, which was the record high.

• Calls: Estox 50: +0.14%, Dax: +0.28%, CAC: +0.07%, FTSE +0.12%, SMI +0.16%.

• RES 4: 6205.38 0.764 proj of the Jan 13 - 24 - Feb 3 price swing     
• RES 3: 6200.00 Round number resistance 
• RES 2: 6178.75 High Dec 6 and key resistance
• RES 1: 6162.25 High Jan 24                 
• PRICE: 6155.75 @ 07:43 GMT Feb 18 
• SUP 1: 6075.54 20-day EMA           
• SUP 2: 6014.00/5935.50 Low Feb 10 / 3
• SUP 3: 5892.37 76.4% retracement of the Aug 5 - Dec 6 bull leg
• SUP 4: 5842.50 Low Jan 14

S&P E-Minis continue to climb and the contract maintains a firmer tone. Attention is on resistance at 6162.25, the Jan 24 high. Clearance of this level would expose the key resistance at 6178.75, the Dec 6 ‘24 high. A move above this hurdle would resume the primary uptrend.On the downside, initial key support has been defined at 6014.00, the Feb 10 low. A break would highlight a bearish development.