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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 Recovery 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: 139-30 High Aug 11
  • RES 1: 139-21 High Aug 20 / 50% retrace of the Aug 4 - 13 sell-off
  • PRICE: 139-13+ @ 11:52 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 maintain 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 ahead of 139-21, a Fibonacci retracement and Thursday's high. Note that 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 last week's low of 138-28+.

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