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Free Access(M9) Pullback Extends *RES 4: 169.20.....>
BUND TECHS: (M9) Pullback Extends
*RES 4: 169.20 Channel top resistance
*RES 3: 168.86 High June 24, 2016 (continuation chart)
*RES 2: 167.41/44 High May 17/15
*RES 1: 167.07 High May 20
*PRICE: 166.54 @ 01:51 GMT May 22
*RES 1: 166.33 Low May 21
*SUP 2: 165.94/92 Low May 10,8
*SUP 3: 165.37 55-dma
*SUP 4: 164.82 Low May 3
Bund futures remain on the back foot with the pullback extending as far as
166.33 yesterday before stabilising. Bears now look to take out yesterday's low
to build further downside momentum towards the May 10,8 lows at 165.94/92. Below
here would open the 55-dma at 165.37. Bulls need to recover Monday's high at
167.07 to return the focus to the May 15/17 highs at 167.41/44.
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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.