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Free Access(M9) February's Highs Well Within........>
BUND TECHS: (M9) February's Highs Well Within Range
*RES 3: 168.86 June24 2016 High
*RES 2: 168.02 First Pivot Resistance (162.42 - 166.70)
*RES 1: 166.83 High February 8
*PRICE: 166.52 @ 16:23 GMT Mar 27
*SUP 1: 165.34 Low March 25
*SUP 2: 164.62 Low Mar 22
*SUP 3: 164.24 21-dma
166.83 becomes the first target for bulls, marking the Feb8 high, after a decent
session Wednesday. A break above here opens first pivot resistance at 168.02 and
would put markets comfortably on track to test multi-year highs of 168.86. To
stabilise the outlook bears need to take out Monday's low at 165.34 to open
Friday's low at 164.62. Below here would allow a run a the 21-dma.
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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.