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Free Access(M9) Bulls Look To Recover 166 *RES 4:...>
BUND TECHS: (M9) Bulls Look To Recover 166
*RES 4: 166.83 High February 8
*RES 3: 166.75 High March 28
*RES 2: 166.00 High Apr 3,10
*RES 1: 165.47/53 21-dma/down trendline resistance
*PRICE: 165.22 @ 04:59 GMT Apr 18
*SUP 1: 164.06 Low Apr 17
*SUP 2: 163.63 Low Mar 19
*SUP 3: 162.76 38.2% retracement of Sep-Mar advance
*SUP 4: 162.42 Low Mar 1
Bund futures received fresh bullish impetus on Thursday to return the focus to
the upside with the the 21-dma and down trendline resistance coming in at
165.47/53. Above here brings the key 166 level into focus with a break opening
the March 28 highs. Bears focus is on Thursday's low at 164.06. A close below
here would bring the March 19 low at 163.63 into play ahead of the 38.2%
retracement at 162.76.
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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.