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(M9) 50-dma Continues to Anchor *RES 3:...>

JGB TECHS: (M9) 50-dma Continues to Anchor
*RES 3: 153.34 - Mar28 High
*RES 2: 153.01 - Apr11 High
*RES 1: 152.94 - 38.2% 153.34 - 152.70
*PRICE: 152.80 @ 15:52 BST, May 9
*SUP 1: 152.33 - 6 March Low
*SUP 2: 152.23 - 3% Lower Bollinger Band
*SUP 3: 151.97 - 38.2% 149.75 - 153.34
JGB futures traded either side of the 50-dma for a fourth consecutive session,
showing the market is stuck in second gear for now. Medium-term momentum keeps
JGB bulls in control, with prices holding just north of the 50-dma at 152.78 for
much of the session. To the upside, 152.94 Fib resistance is the first target,
followed by the Mar28 high at 153.01. A break below the 100-dma at 152.62 will
be needed to re-assert any bearish outlook.

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