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(U9) Bias Skewed To 172.14 Fibonacci.....>

BUND TECHS
BUND TECHS: (U9) Bias Skewed To 172.14 Fibonacci Projection
*RES 4: 173.81 Channel top projected from Apr 17 low
*RES 3: 172.40 Upper Bollinger band (3%)
*RES 2: 172.14 150% Fibo projection March 2018-Feb2019
*RES 1: 171.80 Channel top projected from May 22 low, Bollinger band top
*PRICE: 171.62 @ 02:50 GMT June 10
*SUP 1: 171.37 5-dma
*SUP 2: 170.09 Low May 30
*SUP 3: 169.45/52 Channel base from April 17 low, 50-dma
*SUP 4: 168.59 Recovery low May 21
Upside bias prevails with focus on the 150% Fibo projection from the
continuation chart at 172.14 ahead of the 3% upper Boll. band at 172.40. Initial
resistance is at 171.80, which is a channel top projected from May 22 low and
also coincides with the daily Bollinger band top. Initial support is at the
5-dma at 171.37, with outlook constructive whilst above 169.45/52.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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