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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.
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Resend - (M1) Bearish Focus
- RES 4: 172.34 High Mar 29
- RES 3: 172.12 High Apr 8 and key near-term resistance
- RES 2: 171.62 High Apr 14
- RES 1: 171.29 20-day EMA
- PRICE: 170.83 @ 05:07 BST Apr 21
- SUP 1: 170.05 76.4% retracement of the Feb 25 - Mar 25 rally
- SUP 2: 170.00 Round number support
- SUP 3: 169.24 Low Feb 24 and major support
- SUP 4: 168.96 0.618 proj of the Jan 27 - Feb 25 - Mar 25 price swing
A bearish theme still dominates in Bund futures. Monday's sell-off resulted in a break of support at 170.52, Mar 18 low. This strengthens a bearish case and signals scope for a deeper sell-off, opening 170.05 next, a Fibonacci retracement, ahead of the key support and bear trigger at 169.24, Feb 24 low. On the upside, firm resistance is at 171.62, Apr 14 high. Initial resistance is at the 20-day EMA at 171.29.
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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.