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Testing next immediate resistance

BUNDS
  • Bund sees some upside extension, eyeing the next immediate resistance at 133.40.
  • Some of the moves are exacerbate by the low volumes in the front Month, when you consider that most of the front Month volume is spread related.
  • Yesterday's Flight To Quality set out the tone with safer Haven asset favoured, on US NYCB concerns.
  • Today saw further traction following the French IP miss, and some of the final higher revisions for European PMIs, has been brushed aside by futures markets.
  • A break through 133.40 in Bund, opens to 133.76.

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