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Free Access(U17) 164.00-163.89 Offers Near Term.....>
BUND TECHS: (U17) 164.00-163.89 Offers Near Term Support To Recovery
*RES 4: 165.43 1.618 swing of 164.64-163.36
*RES 3: 164.98/00 Equality rise from 162.84 to 161.37-163.51
*RES 2: 164.64 Aug 11 high
*RES 1: 164.57 Aug 21 high
*PRICE: 164.44 @1024GMT
*SUP 1: 163.89/00 Hourly support, Aug 18 low
*SUP 2: 163.62/71 Initial high Aug 16, Aug 17 low
*SUP 3: 163.36 Aug 16 low
*SUP 4: 163.17/25 Opening gap Aug 8-Aug 9
*COMMENTARY* Found support from 163.36 last Wednesday, just above the
163.25-163.17 gap. The subsequent recovery through 164.25 offers encouragement
for another challenge to the Aug 11 high at 164.64. Support also rises to
164.00-163.89 and then more importantly from between 163.71-163.62. Loss of the
latter would caution now. Above 164.64 and then 164.98-165.00 comes back into
view, the latter the 6 month falling resistance line.
To read the full story
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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.