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Free Access(M18) Bulls Need Close Above 157.69......>
BUND TECHS: (M18) Bulls Need Close Above 157.69
*RES 4: 158.39 High Jan 23
*RES 3: 158.31 100-DMA
*RES 2: 158.06 Daily Bull channel top
*RES 1: 157.69 High Mar 5
*PREVIOUS CLOSE: 157.21
*SUP 1: 156.94 Hourly support Mar 8
*SUP 2: 156.19 21-DMA
*SUP 3: 155.25 Low Feb 20
*SUP 4: 154.62 Monthly Low Feb 8
*COMMENTARY: The correction from March highs so far has found support around the
daily bull channel base off Feb 15 lows and the 21-DMA. Bears need a close below
the 21-DMA to shift focus back to 154.62-155.25 where Feb lows are noted. Bulls
continue to look for a close above 157.69 to regain the upper hand and initially
target 158.31-39 where the 100-DMA is situated. Overall focus shifts to
159.27-58 on a break of 157.69.
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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.