(M18) 100.305-315 Resistance Now......>

EURIBOR TECHS: (M18) 100.305-315 Resistance Now Key

*RES 4: 100.315 - Repeated daily highs Nov 

*RES 3: 100.312 - 21-DMA 

*RES 2: 100.305 - Low Nov 24 & 27 - 28 now resistance 

*RES 1: 100.303 - 55-DMA

*PREVIOUS CLOSE: 100.300

*SUP 1: 100.291 - 100-DMA

*SUP 2: 100.288 - 21-WMA

*SUP 3: 100.285 - Repeated Daily lows Oct

*SUP 4: 100.275 - Monthly Low Sept 28

*COMMENTARY: Narrow sideways trading came to an end with a sell-off and close

below the 55-DMA. Follow through has been lacking with the contract bouncing

from ahead of layers of support 100.285-291 where the 100-DMA and 21-WMA are

noted. Bears now need a close below 100.285 to shift initial focus to

100.250-275 where monthly lows and the 100-WMA are located. Bulls now need a

close above 100.305 to ease bearish pressure.