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AUSSIE BONDS

Twist Flattening Maintained, Futures Off Lows

US TSYS

Bear Flattening Consolidated

US TSY OPTIONS

Recap: TYX2 110.00/114.00 Strangle Blocked

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(U2) Corrective Pullback

BUND TECHS
  • RES 4: 161.38 2.00 projection of the Jun 16 - 24 - 28 price swing
  • RES 3: 160.00 Round number resistance
  • RES 2: 159.79 High Apr 4 (cont)
  • RES 1: 158.33/159.70 High Aug 3 / 2 and the bull trigger
  • PRICE: 156.36 @ 05:25 BST Aug 10
  • SUP 1: 155.72/155.16 Low Aug 5 / 20-day EMA
  • SUP 2: 153.36 50-day EMA
  • SUP 3: 149.69 Low Jul 21 and key short-term support
  • SUP 4: 148.24 Low Jul 1

The Bund futures outlook is unchanged and the S/T trend direction is up. The latest pullback is considered corrective. A fresh high last week reinforced the bull theme and confirmed a resumption of the uptrend. MA studies are in a bull mode condition. The focus is on 159.79 next, Apr 4 high (cont). Key trend support has been defined at 149.69, Jul 21 low. A break is required to signal a potential top. Initial firm support is 155.16, the 20-day EMA.

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  • RES 4: 161.38 2.00 projection of the Jun 16 - 24 - 28 price swing
  • RES 3: 160.00 Round number resistance
  • RES 2: 159.79 High Apr 4 (cont)
  • RES 1: 158.33/159.70 High Aug 3 / 2 and the bull trigger
  • PRICE: 156.36 @ 05:25 BST Aug 10
  • SUP 1: 155.72/155.16 Low Aug 5 / 20-day EMA
  • SUP 2: 153.36 50-day EMA
  • SUP 3: 149.69 Low Jul 21 and key short-term support
  • SUP 4: 148.24 Low Jul 1

The Bund futures outlook is unchanged and the S/T trend direction is up. The latest pullback is considered corrective. A fresh high last week reinforced the bull theme and confirmed a resumption of the uptrend. MA studies are in a bull mode condition. The focus is on 159.79 next, Apr 4 high (cont). Key trend support has been defined at 149.69, Jul 21 low. A break is required to signal a potential top. Initial firm support is 155.16, the 20-day EMA.