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MNI POLITICAL RISK - GOP Facing One Seat Majority In House
(U17) Rally Leaves 164.31 Fibo...........>
BUND TECHS: (U17) Rally Leaves 164.31 Fibo Resistance Behind
*RES 4: 165.08 6 month falling resistance line
*RES 3: 164.98 Equality rise from 162.84 to 161.37-163.51
*RES 2: 164.95 1% volatility band
*RES 1: 164.83 11 day bull channel top projection
*PRICE: 164.40 @1445GMT
*SUP 1: 164.19 Intraday low
*SUP 2: 163.88/99 Hourly support, Aug 9 high
*SUP 3: 163.51/64 Aug 4 high, Aug 10 low
*SUP 4: 163.17/25 Opening gap Aug 8-Aug 9
*COMMENTARY* Continues to rise, today moving through the 76.4% Fibo retrace
level at 164.31. A high so far of 164.64, as we make our way towards the next
set of resistances from between 164.83-165.08. As a consequence, nearest support
rises to the day's 164.19 low, then backed up by the 163.99-163.88 area. Only
back below the Aug 4 high at 163.51 will concern at present. Directly through
165.08 and the June highs at 165.44-165.55 come back into play.
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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.