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EUROSTOXX50 TECHS

(Z1) Trades Through Support

BONDS

All About Evergrande

BTP TECHS

(Z1) Bearish Focus

GILT TECHS

(Z1) Sharp Slide Extends

GOLD
GOLD: In commodities, spot gold held near $1,322.45 per ounce, after trading in
a $1,320.95 to $1,337.18 range. The earlier low is the lowest since Sept. 1,
when gold bottomed around $1,216.52.
- The $1,357.61 high seen Sept. 8, at the peak of U.S. dollar sales and risk
aversion, was the highest since August 16, 2016, when the precious metal peaked
at $1,358.21.
- Barring a larger pullback, there is still scope for gains toward the 2016
twin-peak highs of $1,375.28 and $1,375.34, seen July 6 and July 11
respectively.
- OUTLOOK: Fresh 2017 and 12mth highs lacked follow through Friday with bears
taking comfort in the gapping move lower Monday that eased bullish pressure and
now confirms focus on $1294.6-1313.7 where the 21-DMA is located. Below $1294.6
is needed to target 55 ($1272.7) & 100 ($1263.9) DMAs. Resistance layers are
building with bull needing a close above $1234.8 to ease bearish pressure and
above $1242.1 to target $1375.1 2016 highs. Daily studies are well placed for a
correction lower.