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BOBL TECHS

(Z1) Northbound

BUND TECHS

(Z1) All Retracement Levels Breached

OIL

Gains In Asia

FOREX

Risk Sentiment Sours

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  • RES 3: 99.927 - All time High Nov 3 and the bull trigger (cont)
  • RES 2: 99.860 - High Jun 14 (cont)
  • RES 1: 99.795 - High Aug 20 (cont)
  • PRICE: 98.835 @ 15:55 BST Oct 27
  • SUP 1: 98.775 - Low Oct 27
  • SUP 2: 98.768 - 50.0% 2018 - 2020 Range
  • SUP 3: 98.510 - 61.8% 2018 - 2020 Range

Short-end Aussie bonds sold off sharply Wednesday in response to a solid CPI report, plumbing a new low at 98.775. This puts the day's low at just above the lowest levels since mid-2019, opening key Fib supports on the way lower at 98.768 and 98.510. The outlook remains resolutely bearish.