US NATGAS: Canadian Gas Producers Scale Back on Price Slump: Argus

• The Aussie is still trading on the front foot, all a continuation since the unexpected hold from the RBA Overnight.
• While the Dollar has been paring some losses throughout the early European session, taking its cue from the higher US Yields, there's some upside momentum in the AUDNZD here, through a fresh intraday high, and the AUDNZD could now target the May's high at 1.0922.

• RES 4: 132.42 2.000 proj of the May 14 - 20 - 22 price swing
• RES 3: 131.95 High Jun 13 and the bull trigger   
• RES 2: 130.76/131.33 High Jul 4 / High Jun 20
• RES 1: 130.10/130.51 Intraday high / 50-day EMA
• PRICE: 129.61 @ 13:01 BST Jul 8
• SUP 1: 129.39 Intraday low
• SUP 2: 129.30 Low May 22
• SUP 3: 128.97 Low May 14 and a reversal trigger  
• SUP 4: 128.90 Low Apr 10 

Bund futures are trading lower today, extending Monday’s sell-off. Support at 129.77, the Jul 3 low, has been cleared. The clear break confirms a resumption of the recent bearish theme and opens 129.30 next, the May 22 low. On the upside, resistance around the the 50-day EMA, at 130.51, has recently been pierced but for now, remains intact. A clear break of it is required to highlight a possible reversal.

RXQ5 128.50/127.50 put spread 3K given at 15.