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GILT SUMMARY

Budget And Financial Tightening In The Spotlight

CORN TECHS

(K1) Consolidating

SOY TECHS

(K1) Bullish Conditions Remain Intact

(Z18) Fades Further *RES 3:....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z18) Fades Further
*RES 3: 119-28 200-dma
*RES 2: 119-13+ 100-dma
*RES 1: 119-00 Sep 28 high
*PRICE: 118-17 @ 16:38 GMT, Oct 31
*SUP 1: 118-07 21-dma
*SUP 2: 117-13+ Low Oct 8
*SUP 3: 116-20 Breakout target from triangle pattern (continuation chart)
A third session of lower lows brings the 21-dma into view following losses
throughout the European session which were largely sustained into Chicago trade.
This confirms the shift of focus back to the downside. A break of 118-07
re-ignites the longer-term downtrend, opening the Oct 8 cycle low at 117-13+,
below which lies the breakout target from the triangle pattern down at 116-20.
Bulls need a close back above 119 to re-establish control, before challenging
the 100 & 200-dma's at 119-13+/28.