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Interview W Labor Dept Official On China Trade Talks

GILTS

Sep 28 Auction Size Announced

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  • RES 3: 99.860 - All time High Nov 3 and the bull trigger
  • RES 2: 99.750 - 200-dma (cont)
  • RES 1: 99.735 - High Jul 20
  • PRICE: 99.725 @ 16:04 BST Jul 29
  • SUP 1: 99.460 - Low Jun 21, 22
  • SUP 3: 99.458 - 50% 2020 Rally
  • SUP 3: 98.611 - 1.0% 10-dma Envelope

Aussie 3y futures are trading closer to recent highs. Near-term conditions appear constructive for bulls following the recent recovery from 99.490, Jul 6 low. Attention is on the high watermark for the U1 contract at 99.735, Jul 20 high A break would reinstate a bullish theme and expose the 200-dma on the continuation contract at 99.750. Key support is at 99.460, Jun 21, 22 low and 99.458, a Fibonacci retracement.