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(M18) 100.320-325 Resistance..........>

EURIBOR TECHS
EURIBOR TECHS: (M18) 100.320-325 Resistance Remains Key
*RES 4: 100.380 - Low Sept 27 2016 now resistance 
*RES 3: 100.340 - High Oct 10 2016 
*RES 2: 100.325 - High Oct 19 2016 
*RES 1: 100.320 - Monthly Highs Oct & Nov
*PREVIOUS CLOSE: 100.315
*SUP 1: 100.315 - Repeated daily highs Nov now support
*SUP 2: 100.306 - 55-DMA
*SUP 3: 100.305 - Lows Dec 4 & 5
*SUP 4: 100.295 - Low Dec 1 & 100-DMA
*COMMENTARY: Despite pressure returning to the 100.320 resistance, bulls have so
far failed to produce the close above 100.325 needed to shift focus to
100.340-380 last seen in Sept/Oct 2016. Pressure has returned to Initial support
at 100.315 with bears needing a close below to ease bullish pressure and below
100.305 to confirm a break of the 55-DMA and shift focus back to 100.295 where
the 100-DMA is noted.

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