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(Z9): Downside Risk *RES 3: 155.00 -......>

JGB TECHS
JGB TECHS: (Z9): Downside Risk
*RES 3: 155.00 - High oct 11
*RES 2: 154.73 - High Oct 15
*RES 1: 154.48 - Intraday high
*PRICE: 154.28 @ 18:29 GMT, Nov 4
*SUP 1: 153.93 - Low Nov 1
*SUP 2: 153.62 - Low Sep 17
*SUP 3: 153.57 - 1.000 progression of Sep 4 - Sep 17 decline from Sep 25 high
JGB futures start the week under some pressure following a long weekend. Last
week's strong rally into the end of the week continues to highlight a possible
developing short-term bullish theme. However if we are to see scope for an
extension higher, futures need to convincingly trade above 154.48, the intraday
high. Until then, the overall outlook remains bearish and there remains a strong
likelihood prices will move lower toward the October lows at 153.64.

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