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Free Access(H18) 158.65-159.66 Resistance Remains...>
BUND TECHS: (H18) 158.65-159.66 Resistance Remains Key
*RES 4: 159.00 21-DMA
*RES 3: 158.65 High Feb 9
*RES 2: 158.44 High Feb 13
*RES 1: 158.13 Alternating hourly support/resistance Feb 14
*PREVIOUS CLOSE: 157.76
*SUP 1: 157.42 Low Feb 15
*SUP 2: 157.26 2018 Low Feb 8
*SUP 3: 156.78 Low Dec 16 2015
*SUP 4: 156.45 Weekly Bear channel base (Off 2016 High)
*COMMENTARY: Hesitation ahead of the 158.65-159.66 resistance region sees bears
firmly in control and focused on 156.57-78 where the weekly bear channel base is
located. A close below 154.81 (Nov 2015 monthly low) then targets 148.23 2015
lows. Bulls still look for a close above 158.65 to ease bearish pressure and
above 159.66 to confirm breaks of the 21-DMA and the daily bear channel top
(159.32), shifting focus to 160.98-55 where 55 & 100-DMAs are noted.
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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.