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Free Access(U17) Watching 163.51 Support As Rally...>
BUND TECHS: (U17) Watching 163.51 Support As Rally Wanes
*RES 4: 165.06 6 month falling resistance line
*RES 3: 164.98 Equality rise from 162.84 to 161.37-163.51
*RES 2: 164.64 Aug 11 high
*RES 1: 164.25/40 Hourly resistance
*PRICE: 163.68 @1153GMT
*SUP 1: 163.51 Aug 4 high, now support
*SUP 2: 163.17/25 Opening gap Aug 8-Aug 9
*SUP 3: 162.84 Aug 7 low
*SUP 4: 162.67 Jul 24 high, now support
*COMMENTARY* Continued to rise on Friday, moving through the 76.4% Fibo retrace
level at 164.31. A high of 164.64 but failed as yet to make a challenge to the
next set of resistances from between 164.98-165.07. These an equality rise
target and the current level of the 6 month falling resistance line. Have
subsequently seen a setback, back below the Aug 4 high at 163.51 would concern
now and set off a correction.
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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.