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MARKET INSIGHT

Price Signal Summary - S&P E-Minis Test The 50-Day EMA

BUNDS

German 5s/30s bear flattening

BONDS

Continued reaction to Powell

CHINA

Where Is The Low For Chinese Equities?

GERMAN AUCTION RESULTS

0% Oct-26 Bobl

EQUITIES

Energy And Financials Lead Early Bounce

(Z9) Firm Above Channel Top....>

US 10YR FUTURE TECHS
US 10YR FUTURE TECHS: (Z9) Firm Above Channel Top
*RES 4: 130-26 High Oct 11
*RES 3: 130-15+ High Nov 1 and key bull trigger
*RES 2: 130-02+ High Nov 4
*RES 1: 129-28+ Intraday high
*PRICE: 129-19+ @ 16:42 GMT, Nov 20
*SUP 1: 128-31 Low Nov 18
*SUP 2: 128-10+ Low Nov 13
*SUP 3: 127-31+ Low Nov 7 and bear trigger
*SUP 4: 127-06+ 1.236 progression of Sep 3 - Sep 13 decline from Oct 4 high
10yr futures firmed Wednesday and importantly confirmed a break of the bear
channel resistance drawn off the Oct 8 high. The move follows the break of
former resistance 129-12, Nov 7 high and also confirms an important technical
development. Attention turns to resistance at 130-15+, Nov 1 high. On the
downside, initial support has been defined at 128-31, Nov 18 low where a break
is required to neutralise the current bullish theme.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com