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USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

(Z0) Bearish Trend Resumes

US 30YR FUTURE TECHS
  • RES 4: 177-00 High Oct 2
  • RES 3: 176-10 High Oct 15
  • RES 2: 175-18 Trendline resistance drawn off the Aug 6 high
  • RES 1: 174-14 High Oct 20
  • PRICE: 173-07 @ 11:52 BST Oct 21
  • SUP 1: 172-17 Low Jun 5 (cont) and intraday low
  • SUP 2: 172-13 0.764 proj of Aug 6 - 28 downleg from Sep 3 high
  • SUP 3: 172-00 Round number support
  • SUP 4: 170-19 1.00 proj of Aug 6 - 28 downleg from Sep 3 high

30yr futures remain bearish having started the week on a softer note. Price has traded below key support at 173-10 Oct 7 low. The break negates recent bullish developments and instead confirms a resumption of the downtrend that has been in place since the Aug 6 reversal. This opens 172-17 (tested today), Jun 5 low (cont) and 172-13, a Fibonacci projection. Key resistance has been defined at 176-10, Oct 15 high.

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