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AUSSIE BONDS

Flat Start After Flattening Overnight

AUD

A$ Still Riding Risk-On Wave

US TSYS

Flat Start, Sino-U.S. Tensions Eyed

AUSSIE 10-YEAR TECHS

(U2) Weaker into Weekly Close

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(U2) Continues To Trade Above Recent Lows

EUROSTOXX50 TECHS
  • RES 4: 3774.00 High Jun 9
  • RES 3: 3689.00 High Jun 10
  • RES 2: 3625.30 50-day EMA
  • RES 1: 3584.00 High Jun 27
  • PRICE: 3482.00 @ 05:20 BST Jun 30
  • SUP 1: 3384.00 Low Jun 16 and the bear trigger
  • SUP 2: 3300.00 Round number support
  • SUP 3: 3241.70 1.382 proj of the Mar 29 - May 10 - Jun 6 price swing
  • SUP 4: 3189.10 1.50 proj of the Mar 29 - May 10 - Jun 6 price swing

EUROSTOXX 50 futures continue to retrace recent gains. Price however remains above recent lows and a resumption of gains would signal scope for an extension of the current corrective cycle. This would open the 50-day EMA, at 3625.30. The primary trend direction remains down though. Moving average studies are in bear mode condition and this highlights bearish market sentiment. The bear trigger lies at 3384.00, Jun 16 low.

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  • RES 4: 3774.00 High Jun 9
  • RES 3: 3689.00 High Jun 10
  • RES 2: 3625.30 50-day EMA
  • RES 1: 3584.00 High Jun 27
  • PRICE: 3482.00 @ 05:20 BST Jun 30
  • SUP 1: 3384.00 Low Jun 16 and the bear trigger
  • SUP 2: 3300.00 Round number support
  • SUP 3: 3241.70 1.382 proj of the Mar 29 - May 10 - Jun 6 price swing
  • SUP 4: 3189.10 1.50 proj of the Mar 29 - May 10 - Jun 6 price swing

EUROSTOXX 50 futures continue to retrace recent gains. Price however remains above recent lows and a resumption of gains would signal scope for an extension of the current corrective cycle. This would open the 50-day EMA, at 3625.30. The primary trend direction remains down though. Moving average studies are in bear mode condition and this highlights bearish market sentiment. The bear trigger lies at 3384.00, Jun 16 low.