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Free Access(H9) Bull Flag Potential *RES 4:.........>
BUND TECHS: (H9) Bull Flag Potential
*RES 4: 170.00 Resistance
*RES 3: 168.42 High Sep 9 2016 (continuation chart)
*RES 2: 167.00 Channel top (continuation chart)
*RES 1: 166.83 High Feb 8
*PRICE: 166.55 @ 04:10 GMT Feb 26
*SUP 1: 166.06 21-dma
*SUP 2: 163.84 Low Jan 18
*SUP 3: 163.15 Low Dec 27
*SUP 4: 162.51 Low Dec 13 (continuation chart)
Bund futures continue to respect their 21-dma which keeps the focus on the
upside and on a potential bull flag breakout. Bulls need to take out the Feb 8
high at 166.83 to suggest a break. Above here would open the channel top at
167.00 ahead of a run at the Sep 2016 high at 168.42 on the continuation chart.
Bears need a close below the 21-dma at 166.06 to gain the upper hand. A break
below here would suggest a downside reversal towards the Jan 18 low at 163.84.
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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.