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Timeline of key events (Times BST)

ASIA FX

Philippines' Peso Weakness Continues

GBPUSD TECHS

Consolidating

EUROZONE

Timeline of key events (Times BST)

EURUSD TECHS

Channel Top Is Key Resistance

EUROSTOXX50 TECHS

(U2) Consolidation Mode

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(K2) Eyeing Key Resistance

SOY TECHS
  • RES 4: $1821.25 - 1.00 proj of the Jan 18 - Feb 10 - 15 price swing
  • RES 3: $1800.00 - Round number resistance
  • RES 2: $1789.00 - High Sep 2012 (cont)
  • RES 1: $1759.25 - High Feb 24 and the bull trigger
  • PRICE: $1704.50 @ 14:12 GMT Mar 25
  • SUP 1: $1638.00 - Low Mar 15
  • SUP 2: $1585.81/46.25 - 50-day EMA / Low Feb 15 and key support
  • SUP 3: $1390.25 - Low Jan 24
  • SUP 4: $1359.50 - Low Jan 18

Soybean futures have traded higher this week and tested levels above the 1700.00 handle. The contract needs to clear resistance at $1759.25, the Feb 24 high, to confirm a resumption of the underlying uptrend and confirm the end of the recent correction. This would pave the way for a test of the 1800.00 level. Initial support has been defined at $1638.00, Mar 15 low. A break would signal scope for a deeper pullback.

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

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