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(U0) Bearish Theme Dominates

BUND TECHS
  • RES 4: 177.37 High Aug 21 and key near-term resistance
  • RES 3: 176.95 High Aug 25
  • RES 2: 176.49 20-day EMA
  • RES 1: 176.39 50-day EMA
  • PRICE: 176.05 @ 05:06 BST Aug 27
  • SUP 1: 175.47 Low Aug 26
  • SUP 2: 175.25 Low Aug 14 and the bear trigger
  • SUP 3: 175.04 Low Jul 2
  • SUP 4: 174.65 61.8% retracement of the Jun - Aug rally

Bund futures maintain a softer tone despite recovering off yesterday's low. Friday's high of 177.37, just above the 76.4% retracement of the Aug 4 - 14 sell-off at 177.36 remains the key near-term resistance. The sharp sell-off this week signals scope for a deeper pullback and has exposed the key support at 175.25, Aug 14 low. On the upside, a break of 177.37 is required to resume recent strength.

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