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Free Access(M9) Bulls Eye 168 *RES 3: 170.00........>
BUND TECHS: (M9) Bulls Eye 168
*RES 3: 170.00 Resistance
*RES 2: 169.79 Channel top resistance
*RES 1: 168.00 Resistance
*PRICE: 167.96 @ 01:30 GMT May 29
*RES 1: 167.40 High May 23
*RES 2: 166.33/57 Low May 21/21-dma
*SUP 3: 165.94/92 Low May 10,8
*SUP 4: 165.73 55-dma
Bund futures sit just below the 168 level as bulls look to break above here to
extend the rally to channel top resistance at 169.79. Above here would open a
run at the psychological 170 level. Bears look for a break back below the 167.40
level marking the May 23 high now acting as support. Below here would build
downside momentum towards the 21-dma/May 21 low at 166.57/33.
To read the full story
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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.