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Free Access(M9) Monday's Highs Hold *RES 3:.........>
BUND TECHS: (M9) Monday's Highs Hold
*RES 3: 170.00 Resistance
*RES 2: 169.07 Channel resistance from Jan 24 high
*RES 1: 168.69 High June 3
*PRICE: 168.47 @ 01:37 GMT June 5
*SUP 1: 168.33 Low June 3
*RES 2: 167.72 Low May 30
*RES 3: 167.57 Trendline support from May 3 low
*RES 4: 167.25 21-dma
Bund futures rallied just shy of Monday's highs yesterday before falling back to
the lower end of its short term range. Bears look for a break blow Monday's low
at 168.47 to build some downside momentum towards Thursday's low at 167.72,
below which would suggest a downside reversal towards uptrend support/21-dma at
167.72/57. Bulls look to overcome Monday's high at 168.69 to open channel top
resistance at 169.07. Above here would open a run at the 170 level.
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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.