Daily Forecast - 03 April 2014
Euribor
June 14 resistance at 9969, 9972/73, 9976(March Highs), contract highs at 9979/80. Support at 9966/65(January low), 9964 (December low), 9959/58 (October low).
Sept 14 resistance at 9969, 9971/72 (February low), 9975/76(March High), contract highs of 9978/79 then 9982. Support at 9965(January low), 9963, 9961 (December low).
Dec 14 resistance at 9968/69 (February low), 9972, 99745(March High), contract highs at 9976/77, 9980, 9982. Support at 9965/64, 9961/60 (January low), 9858/57 (December low).
March 15 resistance at 9969/70 (2013 high), 99725 (March high), 9974 (Contract high). Support at 9966, 9963, 9960/59, 9957/56, 9954, 9952/51.
Short Sterling
Sept 14 Support at 9936/35, 9932/31, 9927, 9924/23, 9920/19 (December low). Resistance 9939 (December/February high), 9941, 9943/44, 9947.
Dec 14 Support at 9922, 9920, 9917/16 (February low), 9913, 9909, 9905/03 (December/January low). Resistance at 9925, 9928, 9930 (December/February high), 9933, 9936/37.
March 15 support at 9904, 9902, 9898 (February low), 9896/95, 9891, 9888/87 (January low), 9883 (December low). Resistance at 9907/08, 9911, 9913 (March high), 9917 (February high).
June 15 support at 9882, 9878/77 (February low), 9872, 9870/69, 9864(January low). Resistance at 9886, 9888, 9891/92, 9895 (March high).
Gilts June contract
Gilts gapped lower breaking 109.28/23 but bounced just 4 ticks above the 100 day moving average & last week's low at 109.08/06. We are oversold short term but meet resistance at 109.39/41. A break higher would allow prices to fill the gap at 109.54/56 but a good chance of a high for the day here. Try shorts with stops above 109.65. Next selling opportunity then see at 109.82/85.
Support at yesterday's low of 109.12 then the 100 day moving average & last week's low at 109.08/05. A good chance of a bounce from here but if we continue lower we meet 2 week lows at 108.88.
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