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US TSY FUTURES

BLOCKS, Late 2Y, 30Y Sales

USDCAD TECHS

Bullish Trend Conditions

ASIA

Coming up in the Asia-Pac session on Thursday:

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Late Equity Roundup, Energy Shares Power Higher

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(U2) Bearish Outlook

BOBL TECHS
  • RES 4: 129.001 1.764 projection of the Jun 16 -24 - 28 price swing
  • RES 3: 128.060/128.760 High Aug 3 / 2 and the bull trigger
  • RES 2: 127.580 High Aug 10
  • RES 1: 126.634/127.290 20-day EMA / High Aug 15
  • PRICE: 125.530 @ 05:13 BST Aug 19
  • SUP 1: 125.440 Low Aug 18
  • SUP 2: 125.391 38.2% retracement of the Jun 16 - Aug 2 rally
  • SUP 3: 124.350 50.0% retracement of the Jun 16 - Aug 2 rally
  • SUP 4: 124.030 Low Jul 21 and a reversal trigger

Bobl futures maintain a softer tone and are trading at this week’s lows. The contract has pierced the 50-day EMA. The average intersects at 126.087 and a deeper pullback would open 125.391 next, 38.2% of the Jun 16 - Aug 2 rally. The 50.0% level is at 124.350. Note that the contract has also breached a trendline support drawn from the Jun 16 low. Initial firm resistance has been defined at 127.290, the Aug 15 high.

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  • RES 4: 129.001 1.764 projection of the Jun 16 -24 - 28 price swing
  • RES 3: 128.060/128.760 High Aug 3 / 2 and the bull trigger
  • RES 2: 127.580 High Aug 10
  • RES 1: 126.634/127.290 20-day EMA / High Aug 15
  • PRICE: 125.530 @ 05:13 BST Aug 19
  • SUP 1: 125.440 Low Aug 18
  • SUP 2: 125.391 38.2% retracement of the Jun 16 - Aug 2 rally
  • SUP 3: 124.350 50.0% retracement of the Jun 16 - Aug 2 rally
  • SUP 4: 124.030 Low Jul 21 and a reversal trigger

Bobl futures maintain a softer tone and are trading at this week’s lows. The contract has pierced the 50-day EMA. The average intersects at 126.087 and a deeper pullback would open 125.391 next, 38.2% of the Jun 16 - Aug 2 rally. The 50.0% level is at 124.350. Note that the contract has also breached a trendline support drawn from the Jun 16 low. Initial firm resistance has been defined at 127.290, the Aug 15 high.