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(Z0) Gaps Higher At The Open

BUND TECHS
  • RES 4: 174.93 High Aug 6
  • RES 3: 174.72 0.764 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 2: 174.51 High Aug 21, high Sep 9 and the bull trigger
  • RES 1: 173.91 High Aug 10
  • PRICE: 173.70 @ 04:36 BST Sep 11
  • SUP 1: 173.06 Yesterday's low
  • SUP 2: 172.75 76.4% retracement of the Aug 28 - Sep 9 rally
  • SUP 3: 172.35 Low Sep
  • SUP 4: 172.24 Low Aug 28 and major support

Bund futures traded lower again yesterday reversing what had recently appeared to be a resumption of its uptrend. The sell-off yesterday cleared support at 173.33, Sep 7 low, however the market has gapped higher at today's open. Key resistance has been refined at 174.51, Aug 21 high and Sep 9 high. Clearance of this hurdle would open 175.08, Aug 4 high. Sub 173.06, yesterday's low would instead highlight a bearish threat.

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