COMMODITIES: Oil Falls on IEA Outlook; Gold Softens

• RES 3: 147.74 - High Jan 15 and bull trigger (cont)
• RES 2: 146.53 - High Aug 6 
• RES 1: 141.48/142.95 - High May 2 / High Apr 7
• PRICE: 138.39 @ 15:53 BST Aug 12
• SUP 1: 137.32 - Low Jul 25
• SUP 2: 136.57 - 1.382 proj of the Jan 28 - Feb 20 - Feb 26 bear leg   
• SUP 3: 134.89 - 2.000 proj of the Jan 28 - Feb 20 - Feb 26 bear leg

JGBs rallied sharply alongside global bond markets on the back of the July CPI print, but have since settled lower. The first important resistance to watch remains 141.48, the May 2 high. A break of this level would be viewed as an early bullish signal. A return lower would signal scope for an extension towards 136.57, a Fibonacci projection. 

• Bank of Korea to Sell KRW700bn 1-Year Bonds
• Hong Kong to Sell HK$1.0 Billion 5-year Bonds On Aug. 13
• Hong Kong to Sell HK$1.5 Billion 1-year Bonds On Aug. 13
• Vietnam To Sell VND 0.5Tln 2055 Bonds; (TD2555052)
• Vietnam To Sell VND 7.0Tln 2035 Bonds; (TD2535028)
• Vietnam To Sell VND 3.0Tln 2040 Bonds; (TD2540037)
• Vietnam To Sell VND 0.5Tln 2032 Bonds; (TD2532017)
• Vietnam To Sell VND 0.5Tln 2045 Bonds; (TD2545046)
• Vietnam To Sell VND 0.5Tln 2030 Bonds; (TD2530010)
• Hong Kong to Sell HK$1.25 Billion 2.7% 2030 Bonds
• Bank Indonesia to Sell 273D SUVBI Bills
• Bank Indonesia to Sell 31D SUVBI Bills
• Bank Indonesia to Sell 94D SUVBI Bills
• Bank Indonesia to Sell 187D SUVBI Bills
• Bank Indonesia to Sell 368D SUVBI Bills
• China to Sell CNY20bn 63-Day Bills
• India to Sell INR60bn 182-Day Bills on Aug. 13
• India to Sell INR100bn 91-Day Bills on Aug. 13
• India to Sell INR50bn 364-Day Bills on Aug. 13
• South Korea to Sell KRW2tn 28-Day Financial Bills

source: Bloomberg Finance LP / MNI