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RUSSIA

USD/RUB Slips, Approaches April Lows

US 10YR FUTURE TECHS

‌‌(M1)‌‌ Resistance Remains Intact

OPTIONS

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  • RES 4: 134.930 50-day EMA
  • RES 3: 134.850 High Feb 15
  • RES 2: 134.790 Low Feb 5 and High Feb 18
  • RES 1: 134.750 High Mar 2 and 3
  • PRICE: 134.500 @ 05:06 GMT Mar 4
  • SUP 1: 134.360 Low Mar 1
  • SUP 2: 134.163 61.8% retracement of the Feb 26 - Mar 3 high
  • SUP 3: 133.800 Low Feb 26
  • SUP 4: 133.790 Low Jun 5, 2020 (cont)

Bobl futures maintain a bearish theme and recent gains are still considered a correction that has allowed an oversold condition to unwind. The contract has traded above the 20-day EMA and the breach of this average has exposed the 50-day EMA at 134.914. For bears, yesterday's sell-off is a possible early bearish reversal signal. If correct, this suggests potential for weakness towards the Feb 26 low of 133.800. Today's pivotal resistance is 134.750.