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JGBS

Mostly Firmer, 10-Year Supply Eyed

PHP

Peso Weakens Amid Assessment Of Omicron Risk

CHINA PRESS

China Developers' Bond Sales Rise as Controls Ease: Yicai

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  • RES 4: 487.45 - 1.236 proj of the Sep 21 - Oct 6 - 7 price swing
  • RES 3: $85.01 - 1.00proj of the Sep 21 - Oct 6 - 7 price swing
  • RES 2: $84.00 - Round number resistance
  • RES 1: $83.18 - High Oct 18
  • PRICE: $82.07 @ 07:05 BST Oct 20
  • SUP 1: $78.78 - Low Oct 13
  • SUP 2: $77.76 - 20-day EMA
  • SUP 3: $74.67 - Low Oct 7 and key near-term support
  • SUP 4: $72.82 - Low Sep 30 and key support

WTI trend conditions remain bullish and the contract is holding onto the bulk of recent gains. The recent move to fresh highs maintains the bullish price sequence of higher highs and higher lows, reinforcing the uptrend. Note that the $80.00 psychological hurdle has also been cleared. The focus is on $85.01 next, a Fibonacci projection. On the downside, key short-term support has been defined at $79.42, Oct 13 low.