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Free AccessRefile: Fixed headline to read 161.11....>
BUND TECHS: Refile: Fixed headline to read 161.11 Key:
BUND TECHS: (Z17) Pullback So Far Holds Above Key 161.11 Level
*RES 4: 162.56 Oct 19 high
*RES 3: 162.25/27 Series hourly highs/lows Oct 18-19
*RES 2: 162.04/12 Oct 19 low, opening gap Oct 20
*RES 1: 161.95 Hourly congestion Oct 13-Oct 16
*PRICE: 161.66 @1535GMT
*SUP 1: 161.35 Oct 20 low
*SUP 2: 161.21 61.8% Fibo of 160.24-162.78
*SUP 3: 161.11 Oct 11 low, 76.4% Fibo of 160.59-162.78
*SUP 4: 160.84 76.4% Fibo of 160.24-162.783
*COMMENTARY* The pullback found support from 161.35 on Friday, as we gave back
some gains made since the 160.59 low on Oct 6. Further support seen from 161.21
but key level is 161.11. Must hold here if any of recent upside momentum is to
be retained. In interim, move back above 161.69 eases the immediate downside
pressure but higher 161.95-162.12 area becomes next obstacle to overcome.
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Why MNI
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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.