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Free Access(U18) Below 21-DMA To Shift Focus........>
BUND TECHS: (U18) Below 21-DMA To Shift Focus Lower
*RES 4: 164.19 2018 High May 29
*RES 3: 163.03 High May 30
*RES 2: 163.00 Bollinger band top
*RES 1: 162.57 High June 25
*PREVIOUS CLOSE: 162.44
*SUP 1: 161.75 Low June 26
*SUP 2: 161.26 Low June 21
*SUP 3: 161.16 21-DMA
*SUP 4: 160.22 High June 11 now support
*COMMENTARY: Support emerging on dips back towards the 21-DMA provided the
impetus for a rally Thursday that shifted immediate focus to 162.84-163.03 and
overall focus on 2018 highs & the weekly bear channel top (164.48). Bears need a
close below 161.75 to gain breathing room and below the 21-DMA to shift initial
focus back to 159.37-160.22 where the 55-DMA (159.72) is situated. Bulls look
for a close above 162.57 to add support to their case.
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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.