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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(H0) Tests Its Bull Channel Top *RES.....>
BUND TECHS: (H0) Tests Its Bull Channel Top
*RES 4: 180:00 Round number resistance
*RES 3: 179.80 1.382 projection of the Jan 14 - Jan 31 rally from Feb 6 low
*RES 2: 179.12 1.236 projection of the Jan 14 - Jan 31 rally from Feb 6 low
*RES 1: 178.37/38 Bull channel top drawn off the Jan 14 low / High Mar 2
*PRICE: 177.67 @ 04:52 GMT Mar 3
*SUP 1: 176.52 Low Feb 28
*SUP 2: 175.86 Low Feb 27
*SUP 3: 175.54 Bull channel base drawn off the Jan 14 low
*SUP 4: 175.30 High Jan 31 and former breakout level
Bund futures maintain their current bullish form and futures yesterday
registered a fresh trend high print of 178.38. Price has traded at a potentially
important resistance defined by the top of a bull channel drawn off the Jan 14
low. The channel top intersected at 178.23 yesterday. Note too that the trend is
overbought. However a price reversal is required to signal a top and until then
the outlook remains bullish. 179.12 is an objective with support at 176.52.
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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.