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JGB TECHS

(Z1) Bearish Trend Condition

AUSSIE 10-YEAR TECHS

(Z1) Bearish Price Sequence

AUSSIE 3-YEAR TECHS

(Z1) Off Recent Highs

US 10YR FUTURE TECHS

(Z1)‌‌ Support Appears Exposed

(U0) Corrective Bounce Intact

US 10YR FUTURE TECHS
  • RES 4: 140-20 1.00 projection of Jun 5 - 11 rally from Jun 16 low
  • RES 3: 140-13 Aug 4 / 5 / 6 high and major resistance
  • RES 2: 139-26+/30 High Aug 11 / 61.8% of the Aug 4 - 13 downleg
  • RES 1: 139-23+ High Aug 21
  • PRICE: 139-20 @ 17:22 BST Aug 21
  • SUP 1: 139-08+ Low Aug 18 and 19
  • SUP 2: 138-28+/29 Low Aug 12 / 13 and the 100-dma
  • SUP 3: 138-23+ Low Jul 2
  • SUP 4: 138-07 Low Jun 16

Treasuries maintained this week's firmer tone as the corrective bounce off recent lows extends. Price action has probed the 50-day EMA and this does suggest scope for a stronger near-term recovery with 139-21, a Fibonacci retracement also probed. Further gains would open 139.26+ next. Note, we continue to view S/T gains as a correction following the sharp sell-off between Aug 4 - 13. A move lower would refocus attention on 138-28+, Aug 13 low.

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