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BOND SUMMARY

EGB/Gilt: Ending The Week On A Soft Note

CORN TECHS

(N1) Needle Still Points North

SOY TECHS

(N1) Bullish Theme

COPPER TECHS

(K1) Breaks Out Of Its Recent Range

OPTIONS

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  • RES 4: 0.8803 50-day EMA
  • RES 3: 0.8797 High Feb 9
  • RES 2: 0.8739 Low Feb 5
  • RES 1: 0.8731 High Feb 26 and the short-term bull trigger
  • PRICE: 0.8608 @ 17:38 GMT Mar 4
  • SUP 1: 0.8597 Low Feb 26 / Mar 4
  • SUP 2: 0.8541 Low Feb 24 and the bear trigger
  • SUP 3: 0.8528 3.0% Lower Bollinger Band
  • SUP 4: 0.8475 2.0% 10-dma Envelope

EURGBP edged lower Thursday to continue to trade below the Feb 26 high of 0.8731. Technical signals continue to highlight a bearish trend and further weakness would open 0.8597, Feb 25 low ahead of the bear trigger at 0.8541, Feb 24 low. A break of the latter resumes the downtrend. On the upside, a move above 0.8731 would signal a resumption of the recent corrective bounce and this would expose the 50-day EMA at 0.8803.