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EQUITIES

Nikkei 225 Outperforms In Asia

GOLD

Away From Thursday's Lows

JGBS

Early Dynamic Prevails

JGBS AUCTION

Japanese MOF sells Y4.0730tn 3-Month Bills:

FOREX

Evergrande Jitters Dampen Risk Recovery

US TSYS

2-Way Flow Observed

(Z0) Finds Support

BUND TECHS
  • RES 4: 175.23 1.00 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 3: 175.08 High Aug 4 and the bull trigger
  • RES 2: 174.97 High Oct 2 and key near-term resistance
  • RES 1: 174.65 High Oct 6
  • PRICE: 174.56 @ 04:47 BST Oct 9
  • SUP 1: 173.93 Low Oct 7
  • SUP 2: 173.74 Low Sep 17
  • SUP 3: 173.61 50.0% retracement of the Aug 28 - Oct 2 high
  • SUP 4: 173.28 61.8% retracement of the Aug 28 - Oct 2 high

Bund futures have rebounded off Wednesday low of 173.93 to ease recent bearish pressure. The move higher refocuses attention on 174.65, Oct 6 high where a break would improve intraday condition further and open 174.97, Oct 2 high. Above 174.97, is the key resistance and bull trigger at 175.08, Aug 4 high. Key support is at 173.93, a move through this level would resume bearish pressure.