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BUNDS: Moving Through August's Lows At Month End

BUNDS

With cash trade now closed for the week, Bund futures continue to pull back and have briefly peeked through the Aug 27 low of 133.66, setting a 133.61 low for a 30+ tick drop in the last hour and the lowest level since Jul 31.

  • Our tech analyst flags the next support to watch lies at 133.39, the 50-day EMA. A break of this average would highlight scope for a deeper retracement. 

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