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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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(U1) Trending Higher
- RES 4: 176.64 High Feb 11 (cont)
- RES 3: 176.38 1.382 proj of the May 19 - Jun 11 - Jun 22 price swing
- RES 2: 176.30 76.4% retracement of the Dec '20 - May sell-off (cont)
- RES 1: 176.28 High Jul 20
- PRICE: 175.90 @ 05:02 BST Jul 21
- SUP 1: 174.77/45 High Jul 8 / Low Jul 15
- SUP 2: 173.70 LowJul 13 and 14
- SUP 3: 173.06 50-day EMA
- SUP 4: 172.97 Channel base drawn off the May 19 low
Bund futures continue to trend higher and remain firm. Price is also holding above the former resistance of 174.77, Jul 8 high. The clear break of this level strengthened a bullish case, confirmed a resumption of the uptrend and marked a bullish breakout of the rising channel drawn off the May 19 low. Attention is on 176.38, a Fibonacci projection. Initial support is at 174.77, the recent breakout level
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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.