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JGBS AUCTION

Japanese MOF sells Y4.52899tn 3-Month Bills:

JGBS

Futures Recover Early Blip Lower

AUSSIE BONDS

Front End Leads The Bid

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WTI TECHS
WTI TECHS: (J20) Key Intraday Support Is $50.45
*RES 4: $57.24 - 50% retracement of the Jan 8 - Feb 4 decline
*RES 3: $55.42 - 38.2% retracement of the Jan 8 - Feb 4 decline
*RES 2: $54.66 - High Feb 20 and bull trigger
*RES 1: $52.64 - High Feb 24
*PRICE: $51.96 @ 07:25 GMT Feb 25
*SUP 1: $50.45 - Low Feb 24
*SUP 2: $50.16 - Low Feb 12
*SUP 3: $49.50 - Low Feb 4 and key bear trigger
*SUP 4: $46.46 - 123.6% retracement projection of the Oct 3 - Jan 8 rally
WTI stalled last week at $54.66 and started the week yesterday on a softer note.
The pullback has defined the $54.66 level as a key S/T resistance and the move
lower is for now being viewed as a corrective pullback. Support lies at
yesterday's $50.45 low. An ability to hold above this level would resume
attention on gains and the bull trigger at $54.66. A break lower though would
set the scene for a deeper pullback towards the key $49.50 support.

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