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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

US 5YR FUTURE TECHS
  • RES 4: 126-05+ High Aug 7
  • RES 3: 126-01 High Aug 11
  • RES 2: 125-396 76.4% retracement of the Aug 5 - 14 sell-off
  • RES 1: 125-30 High Aug 20
  • PRICE: 125-282 @ 11:34 BST, Aug 21
  • SUP 1: 125-23+ Low Aug 17
  • SUP 2: 125-186 Low Aug 14 and key support
  • SUP 3: 125-16+ Low Jul 2
  • SUP 4: 125-15+ 100-dma

5yr futures continue to hold onto the bulk of this week's gains. Despite this week's climb, the broader outlook for now remains bearish. Price last week traded through 125-22+ (the late July low). This reinforced the current bearish theme signalling scope for an extension lower. Resistance levels to watch are at 125-30, yesterday's high and 125-396, a Fibonacci retracement. A move lower would open 125-186, Aug 14 low.

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