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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) Trades Through Key Support

US 5YR FUTURE TECHS
  • RES 4: 125-316 High Oct 5
  • RES 3: 125-30+ 61.8% retracement of the Sep 30 - Oct 7 sell-off
  • RES 2: 125-31 High Oct 15
  • RES 1: 125-26 High Oct 19
  • PRICE: 125-21+ @ 11:33 BST Oct 21
  • SUP 1: 125-19 Intraday low
  • SUP 2: 125-18 Low Aug 28 (cont)
  • SUP 3: 125-16+ 1.00 proj of Aug 4 - 13 sell-off from Sep 3 high
  • SUP 4: 125-112 Low Jun 10 (cont)

5yr futures maintain a softer tone. The recent sell-off from 125-31, Oct 15 high has extended lower today resulting in a break of key support at 125-202,Oct 7 low. The break confirms a resumption of the downtrend that has been in place since early August. This paves the way for weakness towards 125-16+ next, a Fibonacci projection. Key short-term resistance is at 125-31.

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