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(H0) Bullish Price Sequence Intact.......>

BUND TECHS
BUND TECHS: (H0) Bullish Price Sequence Intact
*RES 4: 177.43 2.236 projection of the Jan 2 - Jan 8 rally from Jan 14 low
*RES 3: 177.00 Round number resistance
*RES 2: 176.71 2.00 projection of the Jan 2 - Jan 8 rally from Jan 14 low
*RES 1: 176.21 High Feb 25
*PRICE: 175.70 @ 04:48 GMT Feb 26
*SUP 1: 175.13 Low Feb 24
*SUP 2: 174.77 Low Feb 21
*SUP 3: 174.46 20-day EMA
*SUP 4: 174.28 Low Feb 19
Bund futures remain bullish and traded higher again yesterday. The recent break
of the Jan 31 high of 175.30 confirmed a resumption of the uptrend in place
since Jan 2 and maintains the bullish price sequence of higher highs and higher
lows. The focus is on a climb towards 176.71 next, a Fibonacci projection now
that the 176.00 level has been breached. Initial support lies at Monday's 175.13
low although, a firmer support is seen at 174.28, the Feb 19 low.

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