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SOUTH AFRICA

Local Press Warns Transnet Could Become Next Eskom

SILVER TECHS

Eyeing Key Resistance

WTI TECHS

(Z1) Bulls Pause For Breath

GOLD TECHS

Remains Below Recent Highs

(H1) Bearish Theme

BOBL TECHS
  • RES 4: 135.370 High Jan 29
  • RES 3: 135.215 50-day EMA
  • RES 2: 135.148 20-day EMA
  • RES 1: 135.010 High Feb 5
  • PRICE: 134.890 @ 04:41 GMT Feb 8
  • SUP 1: 134.790 Low Feb 5
  • SUP 2: 134.620 1.00 proj of Dec 11 - Jan 12 sell-off from Jan 27 high
  • SUP 3: 134.530 Low Sep 1, 2020 (cont)
  • SUP 4: 134.450 Low Aug 14, 2020 (cont)

BOBL futures traded lower again Friday extending the recent sell-off from 135.480, Jan 27 high. The move lower last week saw price trade below support at 134.970, Jan 22 low and 134.840, the Jan 12 low and a bear trigger. The break of this level strengthens a bearish argument and signals scope for a move towards 134.620, a Fibonacci projection. Initial resistance is seen at Friday's high of 135.010.

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