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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

AUDUSD TECHS

Trend Indicators Remain Bearish

LATAM

OUTLOOK: WEEK AHEAD

(U0) Bearish Focus

BOBL TECHS
  • RES 4: 135.140 High Aug 21 and key resistance
  • RES 3: 134.970 High Aug 25
  • RES 2: 134.900 High Aug 27
  • RES 1: 134.821/830 20-day and 50-day EMA
  • PRICE: 134.690 @ 04:45 BST Aug 31
  • SUP 1: 134.540 Low Aug 26 and 28
  • SUP 2: 134.450 Low Aug 14 and the bear trigger
  • SUP 3: 134.410 Low Aug 17
  • SUP 4: 134.336 61.8% retracement of the Jun - late Jul rally

BOBL futures maintain a bearish tone. The Aug 21 high of 135.140, just above 76.4% of the Jul 31 - Aug 14 downleg at 135.138, has been defined as a key near-term resistance. The recent sell-off from this resistance signals scope for a deeper pullback as a bearish theme starts to once again dominate. Attention is on the key support at 134.450, Aug 14 low and the bear trigger. Initial firm resistance is at 134.900, Thursday's high.

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