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EQUITIES

Nasdaq Underperforming, S&P Futs Off Record Highs

EURIBOR

Latest Fix (22-10-2021)

EUROPEAN COUNCIL

EUCO 2nd Day Starts After Little Progress On Energy Last Night

FRANCE T-BILL AUCTION PREVIEW

Up to E5.6bln on offer next week

HUNGARY

NBH Opens The Door For Bigger Hikes

(Z0) Clears Resistance

US 5YR FUTURE TECHS
  • RES 4: 126-11 High Aug 6
  • RES 3: 126-08+ High Aug 10
  • RES 2: 126-072 76.4% retracement of the Aug 4 - 28 sell-off
  • RES 1: 126-06+ High Sep 3
  • PRICE: 126-02+ @ 11:19 BST, Sep 4
  • SUP 1: 125-29+ Low Aug 31
  • SUP 2: 125-216 Low Aug 28 and the bear trigger
  • SUP 3: 125-212 0.618 proj of Aug 4 - 14 sell-off from Aug 21 high
  • SUP 4: 125-182 0.764 proj of Aug 4 - 14 sell-off from Aug 21 high

5yr futures traded higher again yesterday with the contract clearing resistance at 126-026, Aug 21 high and highs this week on Sep 1 and 2. The break reinforces a bullish theme and also reinforces a bullish candle pattern from Aug 28, a bullish engulfing. The next objective is at 126-072, a Fibonacci retracement level. Key support is at 125-216, Aug 28 low. Initial support lies at 125-29+, Aug 31 low.

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