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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
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BUND TECHS: (Z4) Holding On To This Week’s Gains
- RES 4: 136.00 Round number resistance
- RES 3: 135.66 High Aug 5 and the bull trigger
- RES 2: 134.95 76.4% retracement of the Aug 5 - Sep 2 bear leg
- RES 1: 134.50 High Aug 22
- PRICE: 134.28 @ 05:45 BST Sep 6
- SUP 1: 133.61/03 20- and 50-day EMA values
- SUP 2: 132.65 Low Sep 2 and the bear trigger
- SUP 3: 132.25 Low Jul 29
- SUP 4: 131.66 Low Jul 26
Bund futures have recovered from Monday’s low and from levels just below support at the 50-day EMA, at 132.99. The contract is trading at this week’s highs. First resistance is 134.50, the Aug 22 high, where a break would strengthen a near-term bullish condition. This would open 134.95, a Fibonacci retracement. On the downside, a clear break of the 50-day EMA would highlight scope for a deeper retracement.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.