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Free Access(M9) Some Signs of Stability *RES 3:.....>
BUND TECHS: (M9) Some Signs of Stability
*RES 3: 170.00 Channel resistance from Dec 7 high
*RES 2: 169.02 Channel resistance from Jan 24 high
*RES 1: 168.69 High June 3
*PRICE: 168.54 @ 02:23 GMT June 4
*RES 1: 167.72 Low May 30
*RES 2: 167.52 Trendline support from May 3 low
*RES 3: 167.14 21-dma
*SUP 4: 166.33 Low May 21
Bund futures posted marginal new highs yesterday but failed to sustain gains
suggesting some signs of stability. Bears need a break below Thursday's low at
167.72 to suggest a downside reversal towards uptrend support/21-dma at
167.52/14. Below here would open the May 21 low at 166.33. Bulls look to
overcome yesterday's high at 168.69 to open channel top resistance at 169.02.
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.