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(Z18) Sticks To Neutral *RES 3: 150.58....>

JGB TECHS
JGB TECHS: (Z18) Sticks To Neutral
*RES 3: 150.58 - High Aug 22
*RES 2: 150.45 - 50-DMA (Continuation chart)
*RES 1: 150.38 - 50% 151.00-149.75
*PRICE: 150.19 @ 16:37 GMT, Oct 18
*SUP 1: 149.75 - Spike Low Aug 2
*SUP 2: 149.65 - Spike Low Jul 7, 17 (Continuation chart)
*SUP 3: 149.38 - Spike Low Dec 2, 16 (Continuation chart)
Despite the break of key short-term resistance Monday at 150.22 and breaking
above the July downtrend, prices failed to find a higher gear for a second
session and retained a tight range, frustrating bulls. A recovery through, and
close above, the 50-dma at 150.25 will be needed to cement any upward move,
which should prompt attention to turn to the 150.38 Fib level. 149.95 remains
the base for JGB futures for now, which should continue to provide some modest
support. A break below 149.95 would open the Aug 2 spike low at 149.75 and
149.65 below there.

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