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EQUITIES

J&J Drags on Dow, DJIA Underperforms

RUSSIA

USD/RUB Slips, Approaches April Lows

US 10YR FUTURE TECHS

‌‌(M1)‌‌ Resistance Remains Intact

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  • RES 4: 131.22 1.236 proj of the Jun - Sep - Oct 2020 price swing
  • RES 3: 130.73 1.0% 10-dma Envelope
  • RES 2: 129.98 High Feb 25 and the bull trigger
  • RES 1: 129.52 High Feb 26
  • PRICE: 128.89 @ 17:20 GMT Mar 2
  • SUP 1: 128.22 Low Mar 1
  • SUP 2: 127.75 20-day EMA
  • SUP 3: 127.31 Low Feb 17
  • SUP 4: 127.04 Low Feb 15

EURJPY traded in minor positive territory on the day into the Tuesdsay close. This maintains the underlying bullish tone despite pulling back from last week's Feb 25 high of 129.98. From a short-term perspective, trend conditions have recently entered overbought territory signalling scope for a corrective pullback. If this occurs, a move lower would open 127.75, the 20-day EMA. For bulls, clearance of 129.98 resumes the uptrend and would 131.22, a Fibonacci projection.