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AUSSIE 3-YEAR TECHS

(Z1) Neutral at Higher Levels

AUSSIE BONDS

Flatter

RATINGS

Italy Upgraded At Fitch, Affirmations Elsewhere

ASIA

Coming up in the Asia-Pac session on Monday:

MNI

Coming up in the Asia-Pac session on Monday:

USDCAD TECHS

Heading North

(X1) Price Structure Remains Bearish

SOY TECHS
  • RES 4: $1480.00 - High Jun 7 and the key bull trigger
  • RES 3: $1466.00 - High Jun 8
  • RES 2: $1379.75/1423.00 - High Aug 17 / High Jul 1
  • RES 1: $1339.50 - High Aug 25
  • PRICE: $1291.50 @ 13:44 BST Sep 3
  • SUP 1: $1270.00 - Low Sep 1
  • SUP 2: $1259.75 - Low Jun 25
  • SUP 3: $1240.50 - Low Jun 17 and key support
  • SUP 4: $1200.00 - Psychological round number

Soybean futures remain bearish following the recent break of support at $1308.75, Aug 3 low. This signals scope for a deeper pullback with attention on $1259.75, the Jun 25 low and $1240.50, Jun 17 low and a key support. This week's move lower reinforces a bearish theme. On the upside, key short-term resistance is unchanged at $1379.75, Aug 17 high. A break of this level would alter the picture and highlight a bullish set-up instead.

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