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JGB TECHS

(U1) Tilted Higher

AUSSIE 10-YEAR TECHS

(U1) Uptrend Weakening

US TSYS SUMMARY

Bullard Kickstarts Reflation Unwind Theme

AUDUSD TECHS

Fresh 2021 Lows

(Z0) Under Pressure

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: 125-23 @ 11:36 BST Oct 20
  • SUP 1: 125-21 Low Oct 9
  • SUP 2: 125-202 Low Oct 7 and the bear trigger
  • SUP 3: 125-18 Low Aug 28 (cont)
  • SUP 4: 125-16+ 1.00 proj of Aug 4 - 13 sell-off from Sep 3 high

5yr futures maintain a softer tone. The move below 125-23+ yesterday, Oct 13 low exposes the key support at 125-202, Oct 7 low. A break of this level would negate recent bullish developments and instead confirm a resumption of the downtrend that has been in place since early August. This would pave the way for weakness towards 125-16+, a Fibonacci projection. Key short-term resistance is at 125-31.

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