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(U0) Tech Update: Bullish Ascending......>

BUND TECHS
BUND TECHS: (U0) Tech Update: Bullish Ascending Triangle:
- Daily price action in Bund futures highlights an ascending triangle formation.
- Activity since the Jun 30 high of 176.86 and the Jul 2 low of 175.04 has
resulted in a rising support line and a flat resistance line - typical of an
ascending triangle formation.
- It is by definition a bullish pattern and suggests that the mostly sideways
price action so far in July is likely to be resolved to the upside.
- A break of 176.92, Jul 10 high would confirm this set-up and open 177.77, Apr
30 and May 5 highs.
- A break higher would also confirm a resumption of the uptrend that has been in
place since Jun 5.
- Key support is at 175.54, Jul 13 low.
- See chart: https://emedia.marketnews.com/Bund_20200717.jpg

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