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JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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Bearish Risk Still Present

SILVER TECHS
  • RES 4: $27.595 - High Feb 26
  • RES 3: $27.081 - High Mar 1
  • RES 2: $26.636 - High Mar 18 and firm near-term resistance
  • RES 1: $26.024 - 20-day EMA
  • PRICE: $24.981 @ 07:16 GMT Mar 25
  • SUP 1: $24.836 - Low Mar 5
  • SUP 2: $24.700 - Low Jan 27
  • SUP 3: $24.057 - Jan 18 low and a key support
  • SUP 4: $23.524 - Low Dec 7

Silver remains soft. A bearish risk remains intact and the recent sell-off between Feb 23 - Mar 5 highlights this theme. A former key support at $25.905, Feb 4 low has also recently been cleared and this sets the scene for a deeper pullback exposing $24.700, Jan 27 low ahead of the Jan 18 low at $24.057. The bear trigger remains $24.836, Mar 5 low. On the upside, near-term resistance is seen at $26.636, Mar 18 high.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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