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Free Access(U17) 164.25 Resistance Now Key *RES.....>
BUND TECHS: (U17) 164.25 Resistance Now Key
*RES 4: 164.79 Low June 21 now resistance
*RES 3: 164.64 High Aug 10
*RES 2: 164.25 Hourly resistance Aug 14
*RES 1: 163.91 Hourly resistance Aug 15
*PREVIOUS CLOSE: 163.78
*SUP 1: 163.45 Low Aug 15
*SUP 2: 163.33 100-DMA
*SUP 3: 163.18 55-DMA
*SUP 4: 162.82 21-DMA
*COMMENTARY: The correction from Friday's high continues with correcting O/B
daily studies adding weight to the bearish case. Layers of resistance are
building with bulls needing a close above 164.25 to gain breathing room and
above 164.79 to confirm focus on 165.44-55. While 164.25 caps bears remain
focused on 162.50-163.33 where key DMAs are situated. Bears look for a close
below 162.50 to end bullish hopes, initially targeting 161.37.
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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.