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EURGBP TECHS

Fresh Multiyear Lows Once Again

STIR FUTURES

BLOCK: Large 3M SOFR Fly

AUSSIE 3-YEAR TECHS

(H2) Probes Key Support

COMMODITIES

Oil Ends A Mixed Day Softer

GBPUSD TECHS

20-Day EMA Marks Support

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(Z0) Bearish Trend Sequence Intact

US 30YR FUTURE TECHS
  • RES 4: 176-10 High Oct 15
  • RES 3: 175-11 Trendline resistance drawn off the Aug 6 high
  • RES 2: 174-22 20-day EMA
  • RES 1: 173-10 Low Oct 7 and this week's breakout level
  • PRICE: 171-13 @ 11:52 BST Oct 23
  • SUP 1: 171-25 Low Oct 22
  • SUP 2: 171-00 Round number support
  • SUP 3: 170-16 1.00 proj of Aug 6 - 28 sell-off from Sep 3 high
  • SUP 4: 170-00 Psychological round number

30yr futures maintain a bearish tone and traded lower yesterday. Price cleared key support at 173-10, Oct 7 low on Wednesday. The break negates recent bullish developments and instead confirms a resumption of the downtrend that has been in place since the Aug 6 reversal. A number of price objectives have already been achieved. Attention is on 170-16 next, a Fibonacci projection. Firm resistance resides at 173-10.

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