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Larger FX Option Pipeline

EGB SYNDICATION

Austria triple tranche mandate

COPPER TECHS

(H2) Testing The 50-Day EMA

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(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.

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