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BTP/Bund eye support

COPPER TECHS

(U2) Challenging $400.00

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Estoxx block trade

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Russian Gas Flows to Italy Remain Low

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(M2) Through Longer Term Support

JGB TECHS
  • RES 3: 152.62 - High Jul 21 and the bull trigger
  • RES 2: 152.26 - High Dec 06 and 21 (cont)
  • RES 1: 151.26 - High Mar 4 (cont)
  • PRICE: 149.36 @ 16:40 BST Apr 7
  • SUP 1: 148.72 - Low Mar 28
  • SUP 2: 148.43 - 3.0% Lower Bollinger Band
  • SUP 3: 148.04 - 1.0% 10-dma envelope

The downtrend in JGBs accelerated early last week, with prices convincingly breaking below the longer-term support at the 61.8% Fib for the 2015 - 2020 rally at 149.65. The break here spells further losses toward 148.49/48, which marks both the 3.0% Lower Bollinger Band as well as the 1.0% 10-dma envelope.

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  • RES 3: 152.62 - High Jul 21 and the bull trigger
  • RES 2: 152.26 - High Dec 06 and 21 (cont)
  • RES 1: 151.26 - High Mar 4 (cont)
  • PRICE: 149.36 @ 16:40 BST Apr 7
  • SUP 1: 148.72 - Low Mar 28
  • SUP 2: 148.43 - 3.0% Lower Bollinger Band
  • SUP 3: 148.04 - 1.0% 10-dma envelope

The downtrend in JGBs accelerated early last week, with prices convincingly breaking below the longer-term support at the 61.8% Fib for the 2015 - 2020 rally at 149.65. The break here spells further losses toward 148.49/48, which marks both the 3.0% Lower Bollinger Band as well as the 1.0% 10-dma envelope.