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Late SOFR/Treasury Option Roundup

EURJPY TECHS

Pierces The 20-Day EMA

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(Z2) Watching The 5-Day EMA

BUND TECHS
  • RES 4: 143.26 High Sep 19
  • RES 3: 142.87 High Oct 4 and a key reversal point
  • RES 2: 141.74 High Oct 5
  • RES 1: 140.76/92 50-day EMA / High Oct 28
  • PRICE: 138.66 @ 05:11 GMT Nov 2
  • SUP 1: 137.57 Low Oct 27
  • SUP 2: 136.46/134.02 Low Oct 25 / 21 and the bear trigger
  • SUP 3: 133.74 0.618 proj of the Aug 2 - 12 - 15 price swing
  • SUP 4: 132.89 Low Oct 28 2011

Bund futures continue to trade below 140.92, the Oct 28 high. The contract remains in an uptrend following the recent extension from the Oct 21 low of 134.02. With a bullish cycle still in play, attention is on the 50-day EMA at 140.67 - a key resistance. This EMA capped the upside recently and a break would strengthen bullish conditions. A stronger reversal lower and a breach of 137.57, Oct 27 low, would signal the end of the bull cycle.

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  • RES 4: 143.26 High Sep 19
  • RES 3: 142.87 High Oct 4 and a key reversal point
  • RES 2: 141.74 High Oct 5
  • RES 1: 140.76/92 50-day EMA / High Oct 28
  • PRICE: 138.66 @ 05:11 GMT Nov 2
  • SUP 1: 137.57 Low Oct 27
  • SUP 2: 136.46/134.02 Low Oct 25 / 21 and the bear trigger
  • SUP 3: 133.74 0.618 proj of the Aug 2 - 12 - 15 price swing
  • SUP 4: 132.89 Low Oct 28 2011

Bund futures continue to trade below 140.92, the Oct 28 high. The contract remains in an uptrend following the recent extension from the Oct 21 low of 134.02. With a bullish cycle still in play, attention is on the 50-day EMA at 140.67 - a key resistance. This EMA capped the upside recently and a break would strengthen bullish conditions. A stronger reversal lower and a breach of 137.57, Oct 27 low, would signal the end of the bull cycle.