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Korean Markets Re-Open, PMI Data Out


0EU2 96.00 Puts Trading

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(Z18) Continues To Base........>

AUSSIE 10-YEAR TECHS: (Z18) Continues To Base Around 97.1950
*RES 3: 97.5950 - 50% 98.2000-96.9875
*RES 2: 97.5325 - 2-month trendline resistance
*SUP 1: 97.4069 - Short-term uptrend beginning Aug 13
*PRICE: 97.2750 @ 15:15 GMT, Oct 16
*SUP 1: 97.1950 - Oct 9 low
*SUP 2: 97.1450 - Jun7/8 low
*SUP 3: 97.0450/0500 - May/YTD Low
In a quiet session, prices remained anchored by the 50% retracement of the
Oct3-Oct10 decline at 97.2750, preventing bulls from having another go at
challenging last week's best levels. Nonetheless, the modest recovery Monday
topped out at 97.30, marking the high watermark for bulls to target. It's too
soon to call for a bullish breakout, with the medium-term trend still tilted
bearish, but a fresh rally through the 50-dma at 97.3647 will see some upside
momentum return. This leaves the next key support levels at the early June lows
of 97.145.

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