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Floating Storage Nudges Higher Last Week

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BUND TECHS: (U0) Monitoring The Directional Triggers
*RES 4: 177.35 High May 18
*RES 3: 177.00 Round number resistance
*RES 2: 176.92 High Jul 10
*RES 1: 176.49 High Jul 13
*PRICE: 176.20 @ 05:01 BST Jul 16
*SUP 1: 175.54 Low Jul 9
*SUP 2: 175.04 Low Jul 2
*SUP 3: 174.80 Low Jun 17
*SUP 4: 174.74 50.0% retracement of the Jun 5 - Jul 10 rally
The Bund futures outlook is unchanged and remains bullish. A break of 176.92,
Jul 10 high though is required to reinforce this condition. The setback in price
on Jul 13 following a break Jul 10 of the former key resistance at 176.86, Jul
29 and 30 high is a concern for bulls. Weakness through Monday's low of 175.54
would expose 175.04, Jul 2 low and a key support handle. 175.54 and 176.92 are
seen as the current directional triggers.

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