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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

(U0) Bearish Theme Remains Intact

BUND TECHS
  • RES 4: 177.00 Bear channel top drawn off the Aug 5 high
  • RES 3: 176.58 High Aug 27
  • RES 2: 176.29/30 20- and 50-day EMA
  • RES 1: 175.82 High Aug 28
  • PRICE: 175.58 @ 04:49 BST Sep 1
  • SUP 1: 175.06/04 Low Jul 2 / Low Aug 28
  • SUP 2: 174.80 Low Aug Jun 17
  • SUP 3: 174.67 Bear channel base drawn off the Aug 5 high
  • SUP 4: 174.62 61.8% retracement of the Jun - Aug rally

Bund futures are unchanged and maintain a bearish tone. Last week saw the contract trade below the former key support at 175.25, Aug 14 low to touch a low of 175.06 before finding some support. The break confirms a resumption of the downtrend that has been in place since early August. The focus is on weakness below 175.00 towards 174.65, a Fibonacci retracement. On the upside, resistance is at 176.58, Aug 27 high.

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