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Free Access(H9) 165 Area Holds Keeping Upside.......>
BUND TECHS: (H9) 165 Area Holds Keeping Upside Focus
*RES 4: 166.40 High Feb 24 2017
*RES 3: 166.00 Resistance
*RES 2: 165.83 High Sep 5, 2017
*RES 1: 165.54 High Jan 24
*PRICE: 165.22 @ 04:53 GMT Jan 28
*SUP 1: 164.96 Low Jan 25
*SUP 2: 163.84 Low Jan 18
*SUP 3: 163.15 Low Dec 27
*SUP 4: 162.51 Low Dec 13
Bund futures saw a pullback on Friday but managed to hold above the 165.00 level
on a closing basis to keep the bullish trend intact. Thursday's high at 165.54
is now the upside focus, ahead of a run at the Sep 5, 2017 high on the
continuation chart. Bears need to see a close back below the 165.00 level to
gain some breathing room and look to target the the Jan 18 lows at 163.84. A
break below would open the Dec 27 low at 163.15 ahead of the Dec 13 low.
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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.