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Free Access(H18) Slipping Back Down Range After.....>
BUND TECHS: (H18) Slipping Back Down Range After 158.82-158.92 Cap
*RES 4: 159.30/33 Feb 5, Jan 31 highs
*RES 3: 158.82/92 76.4% Fibo of 159.30-157.26, Feb 7 high
*RES 2: 158.55 Initial low Feb 16, now resistance
*RES 1: 158.32/35 Hourly resistance
*PRICE: 158.05 @0900GMT
*SUP 1: 157.90/92 Hourly support
*SUP 2: 157.65 Feb 16 low
*SUP 3: 157.42 Feb 15 low
*SUP 4: 157.26 Feb 15 low
*COMMENTARY* Found the ability to trade towards the top of the recent range last
Friday but requiring a move back through 158.82-158.92 before the near term bias
can return to the topside. This a combination of a 76.4% Fibo retrace of the
recent 159.30-157.26 fall and the Feb 7 high. While it caps, the risk will be
for lower, with 158.01 support now lost, attention will switch to 157.90-157.65
next, as we move back down the recent range. Resistance now 158.32-158.55.
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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.