By Andrew M Spencer — Aug 17 - 07:50 PM
Steady after closing up just 0.1%, with the U.S. dollar unchanged
Rising gilt yields support, as yields higher for longer gains traction
10yr gilt touched 4.775%, highest since 2008, and closed up 8bp to 4.727%
Techs; neutral daily momentum studies, 21-day Bollinger bands contract
5, 10 & 21-day moving averages coil - daily signals show little bias
Well tested 1.2627, 61.8% of the May/July fall is pivotal support
The New York 1.2726-1.2788 range is initial support and resistance
1.2700 636 mln and 1.2785 446 mln are the close strikes for August 18th
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Source:
Refinitiv IFR Research/Market Commentary