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SOY TECHS

(N1) Bullish Theme

COPPER TECHS

(K1) Breaks Out Of Its Recent Range

OPTIONS

Larger FX Option Pipeline

USD

Greenback Weakness Resumes into NY Hours

SWITZERLAND

CHF LIBOR FIX - 16-04-2021

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  • RES 4: 133-02 50-day EMA
  • RES 3: 133-00+/06+ High Mar 11 / High Mar 4
  • RES 2: 132-09/09+ High Mar 17/24 / High Mar 25
  • RES 1: 131-31+ Mar 29 high
  • PRICE: 131-28 @ 11:29 GMT Apr 8
  • SUP 1: 130-25+ Low Apr 5 and the bear trigger
  • SUP 2: 130-07+/07 Lower 3.0% Bollinger Band / Low Feb 2, 2020
  • SUP 3: 129-19 Low Jan 24, 2020 (cont)
  • SUP 4: 128-29 Low Jan 17, 2020 (cont)

US 10y futures are holding onto this week's gains. From a trend perspective, the outlook remains bearish. The contract resumed its downleg last week, breaking 131-00, Mar 18 low. This opens 130-07 and the psychological 130-00 handle. The move lower maintains the bearish sequence of lower lows and lower highs and together with bearish MA conditions, reinforces current sentiment. Key resistance is 132-09+, Mar 25 high.