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GILT TECHS

(Z1) Heavy!

EURIBOR OPTIONS

Put condor

MARKET INSIGHT

Price Signal Summary - BOND Bear Cycle Extends

EURIBOR OPTIONS

Large call spread

BTP

BTP option, call spread buyer

BUND TECHS
BUND TECHS: (Z18) Bears Gaining Momentum
*RES 4: 161.33 High Aug 17 
*RES 3: 160.98 High Sep 3 
*RES 2: 160.48 High Sep 6 
*RES 1: 159.78 High Sep 12 
*PREVIOUS CLOSE: 159.24 
*SUP 1: 159.01 100-DMA
*SUP 2: 158.37 Low Aug 1 
*SUP 3: 157.17 Low June 14 
*SUP 4: 156.90 Low June 12 
Bears are gaining momentum as support at the 100-dma at 159.01 remains in focus
despite the failure to break below here on Friday. Below here opens up the Aug 1
low at 158.37, a break of which would suggest further medium-term weakness.
Bulls need a break above the Sep 12 high at 159.79 to return the outlook to
neutral and break above the Sep 6 high at 160.48 to shift the focus higher to
target the 160.98 Sep 3 high.