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CZECHIA

CNB Very Likely To Hike By 50bps This Week

FOREX

FX OPTION EXPIRY

POLAND

NBP Shifting Towards a November Hike?

(U0) Extends Gains

BOBL TECHS
  • RES 4: 135.310 High Aug 4 and 5
  • RES 3: 135.240 High Aug 6
  • RES 2: 135.135 76.4% retracement of the Jul 31 - Aug 14 sell-off
  • RES 1: 135.060 High Aug 20
  • PRICE: 134.940 @ 05:45 BST Aug 21
  • SUP 1: 134.800 Low Aug 19
  • SUP 2: 134.710 Low Aug 18
  • SUP 3: 134.450 Low Aug 14 and the bear trigger
  • SUP 4: 134.410 Low Jun 17

BOBL futures traded higher again yesterday. The contract has managed to trade above 135.006, 61.8% retracement of the Jul 31 - Aug 14 sell-off. Although recent gains have been viewed as a correction, the continued push higher suggests scope exists for a continued climb. This has opened 135.138, the 76.4% retracement where a break would open 135.350, Jul 31 high. Initial support is at 134.800, Aug 19 low.

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