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Fading off its session high

BUNDS
  • Another decent session for Bund in terms of Volumes., and has now gained some 214 ticks since Monday's opening gap, albeit fading off its high now.
  • Looking at very short term Yield price action, the 10yr Yield has cleared the 50% retracement of the Sep/Oct rally.
  • In terms of pure technical, next upside resistance is seen at 130.40 50-dma.
  • In yield term, next support area comes 2.668% the 61.8% retracement of that Sep/Oct period.
  • Today reference 129.88 = 130.29.

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