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GOLD

A Touch Firmer In Asia

JGBS AUCTION

PREVIEW:‌ 20-Year Supply Due

JGBS

Modest Rally, 20-Year Supply Eyed

IDR

Bank Indonesia Eyed

(U9) Minor pullback: *RES 3:...>

US 30YR FUTURE TECHS
US 30YR FUTURE TECHS: (U9) Minor pullback:
*RES 3: 164-31 Nov 9 2016 high
*RES 2: 164-00 Psychological level
*RES 1: 163-31 Aug 7 high
*PRICE: 161-08 @ 11:11 BST, Aug 8
*SUP 1: 160-01 Aug 6 low
*SUP 2: 157-02 Jul 5 high
*SUP 3: 156-05 38.2% of Mar-Aug rally
Treasures rallied hard yesterday, before giving back gains at the close. The
30-Yr touched multi-year highs of 163-31, but has since drifted to hold either
side of the 161-00 level. Up 8 of the last 9 sessions, the outright bullish
trend remains intact putting immediate focus on the psychological 164-00 level.
However, technical indicators remain heavily overbought with an RSI reading of
73, suggesting the potential of a deeper correction. Bears would need to clear
the Aug 6 low, before returning the focus to the 38.2% retracement of the
Mar-Aug rally.