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Eurodollar/SOFR/ Tsy Options Roundup


Corporate Issuance Over $60B/Wk

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(M1) Downtrend Remains Intact

  • RES 4: 171.62 High Apr 14
  • RES 3: 171.27 High Apr 22
  • RES 2: 170.98 High May 7 and key short-term resistance
  • RES 1: 170.01 20-day EMA
  • PRICE: 168.78 @ 05:05 BST May 18
  • SUP 1: 168.59 Low May 13
  • SUP 2: 168.09 0.764 proj of the Jan 27 - Feb 25 - Mar 25 price swing
  • SUP 3: 168.06 1.0% 10-dma envelope
  • SUP 4: 167.52 Low Mar 19, 2020 (cont)

Bund futures remain in a downtrend and short-term gains are considered corrective. Last week's sell-off resulted in a breach of support at 169.47, May 3 low and 169.24, Feb 24 low, opening further losses below 169.00. A volatility band support lies at 168.06 with a Fibonacci projection just above at 168.09. These levels represent objectives and potential support. A key short-term resistance has been defined at 170.98, Apr 7 high.

MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

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