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JGBS

Soft Cover At 40-Year Auction

AUSSIE BONDS

Continued Tick Lower

JGBS AUCTION

40-Year JGB Auction Results

EQUITIES

Hong Kong Bucks Broadly Negative Trend

US TSYS

Oil Adding Some Pressure

AUSSIE BONDS

Steepening Pressure Lingers

BRENT TECHS, DOLLAR-SING
BRENT TECHS: (N19): Recovery Attempts Fail
*RES 4: $80.37 - High Oct 17, 2018 
*RES 3: $76.35 - 76.4% retracement
*RES 2: $74.75 - High Apr 25 
*RES 1: $72.79 - High Apr 30 
*PRICE: $71.57 @ 05:30 GMT May 1 
*SUP 1: $70.65/70.60 - Uptrend support from Dec low / Low April 26
*SUP 2: $69.20/68.87 - Uptrend from Feb lows / 200-dma
*SUP 3: $68.21 - High March 21
*SUP 4: $65.89 - Low March 28 
Brent futures attempted to reignite upside momentum yesterday but recovery
efforts failed to stick, keeping the focus on key uptrend support from the Dec
low and Friday's low at $70.65/60. A break below here would open uptrend support
from the Feb lows and the 200-dma at $69.20/68.87. Bulls focus remains on
yesterday's high at $72.79 with a break above here returning the focus to the
April 25 high at $74.75.