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AUSSIE 10-YEAR TECHS

(Z1) Near-Term Strength Persists

(U0) Volatile But Remains Bearish

BOBL TECHS
  • RES 4: 135.140 High Aug 21 and key resistance
  • RES 3: 134.970 High Aug 25
  • RES 2: 134.900 High Aug 27
  • RES 1: 134.834/835 20-day and 50-day EMA
  • PRICE: 134.600 @ 04:59 BST Aug 28
  • SUP 1: 134.540 Low Aug 26
  • SUP 2: 134.450 Low Aug 14 and the bear trigger
  • SUP 3: 134.410 Low Aug 17
  • SUP 4: 134.336 61.8% retracement of the Jun - late Jul rally

BOBL futures maintain a bearish tone despite yesterday's volatile session. The Aug 21 high of 135.140, just above 76.4% of the Jul 31 - Aug 14 sell-off at 135.138, remains the key near-term resistance. The sell-off this week signals scope for a deeper pullback as a bearish theme starts to once again dominate. Attention is on the key support at 134.450, Aug 14 low. Initial firm resistance is at 134.900, yesterday's high.

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