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Test 003, Please Ignore

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Test, Please Ignore

EUROZONE ISSUANCE

EGB Supply for W/C Jul 26

USDCAD TECHS

Pullback Considered Corrective

US TSYS SUMMARY

What a Short, Strange Trip It's Been

GLOBAL POLITICAL RISK

Pfizer, Moderna Jabs Retain High Trust; AZ, Sputnik Lower

TECHS: (U0) Short-Term Reversal Confirmed

BTPS
  • RES 4: 148.94 1.0% 10-dma envelope
  • RES 3: 148.27 High Aug 20 and the key resistance
  • RES 2: 147.77 High Aug 27
  • RES 1: 146.90 High Aug 31
  • PRICE: 146.21 @ Close Aug 31
  • SUP 1: 146.07 Low Aug 31
  • SUP 2: 145.74 50-day EMA
  • SUP 3: 145.62 Low Jul 21
  • SUP 4: 144.92 Low Jul 20

BTP futures traded lower yesterday breaching key near-term support at 146.41, Aug 14 low. The break signals a near-term top and a short-term reversal in the trend. This also suggests the likely start of a short-term correction. The focus is on 145.74 initially, the 50-day EMA. Clearance of the average would strengthen bearish conditions. On the upside, resistance is at 147.77, Aug 27 high.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com