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JGBS AUCTION

Japanese MOF sells Y4.9024tn 3-Month Bills:

IDR

Virus Continues To Spread In Jakarta

RBA

Upcoming Lowe Appearance Postponed

JGBS

Curve Twist Steepens, Bucking The Trend

Gains Extend

EUROSTOXX50 TECHS
  • RES 4: 3668.70 High Feb 25
  • RES 3: 3630.53 0.618 proj of Mar 16 - Jul 21 rally from Oct 29 low
  • RES 2: 3600.00 Round number resistance
  • RES 1: 3573.45 High Dec 17
  • PRICE: 3560.87 @ Close Dec 17
  • SUP 1: 3461.47 Low Dec 11 and key near-term support
  • SUP 2: 3440.22 Low Nov 19
  • SUP 3: 3416.18 Low Nov 13
  • SUP 4: 3396.02 High Sep 3 and a key support

EUROSTOXX 50 remains bullish and traded to a fresh trend high yesterday of 3573.45. This reinforces bullish conditions and maintains the positive price sequence of higher highs and higher lows. A clear bullish theme follows a rally on Nov 9 that cleared 3451.16, Jul 21 high. This confirmed a resumption of the uptrend that began in March. 3600.00 is the next objective. 3461.47 is initial firm support, Dec 11 low.

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