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JGB TECHS

(M2) Correction Extends

US STOCKS

Late Session Rebound

AUSSIE 10-YEAR TECHS

(M2) Corrective Cycle Remains In Play

AUSSIE 3-YEAR TECHS

(M2) Gains Still Considered Corrective

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(Z0) Sharp Sell-Off Extends

BUND TECHS
  • RES 4: 175.53 Low Nov 4
  • RES 3: 175.45 Former trendline support drawn off the Sep 1 low
  • RES 2: 175.00 Low Oct 23
  • RES 1: 174.63 High Nov 10
  • PRICE: 173.92 @ 04:58 GMT Nov 11
  • SUP 1: 173.92 Intraday low
  • SUP 2: 173.74 Low Sep 17
  • SUP 3: 173.32 76.4% retracement of the Aug 28 - Nov 4 rally
  • SUP 4: 173.06 Low Oct 9

Sharp losses dominated price action in Bunds Monday and futures extended the move lower yesterday. Weakness this week resulted in a break of trendline support drawn off the Sep 1 low signalling a reversal of the recent 2-month uptrend. The break of support at 175.00, Oct 23 low also reinforces the importance of yesterday's bearish pressure and has opened 173.74 next, Sep 7 low. Firm resistance is at 175.00.

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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