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CHINA PRESS

Yuan to Maintain Near-Term Strength: Journal

CHINA PRESS

Biden May Be Consumed by Bumpy Recovery: Daily

JGB TECHS

(M1) Bullish Focus

AUSSIE 10-YEAR TECHS

(M1) New Multi-Month Highs

(U0) Bulls Spared

BOBL TECHS
  • RES 4: 135.757 76.4% retrace of the May 4 - Jun 10 decline (cont)
  • RES 3: 135.500 High May 22 (cont)
  • RES 2: 135.421 61.8% retrace of the May 4 - Jun 10 decline (cont)
  • RES 1: 135.350 High Jul 31
  • PRICE: 135.140 @ 06:17 BST Aug 7
  • SUP 1: 134.930 Low Aug 6
  • SUP 2: 134.610/560 Low Jul 20 / Low Jul 13
  • SUP 3: 134.510 Low Jul 2 and key support
  • SUP 4: 134.410 Low Jun 17

Bobl futures bounced well off the overnight low, sparing bulls who'd had some cause for concern after Wednesday's decline. Thursday's uptick off 134.930 keeps the pressure on 135.350, initially, ahead of 135.421 (cont), 61.8% of the Apr - Jun sell-off. Should Bobls return lower, 134.610/560 should provide decent support.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com