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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

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  • WTI crude futures initially slipped as various wires cited the US as having dropped sanctions targeting Iranian oil officials. WTI and Brent crude futures both dropped well over $1/bbl as markets looked forward to further progress with Tehran possibly leading to a return of Iranian oil onto the global market.
  • This gains swiftly reversed however, as wires clarified that the official in question was a former, and not current, Iranian oil official, leading WTI to bounce smartly off the lows and head into the close in only minor negative territory.