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(Z0) Stalls At Key Resistance

BUND TECHS
  • RES 4: 175.43 1.000 projection of Aug 28 - Sep 3 rally from Sep 7 low
  • RES 3: 174.93 0.764 projection of Aug 28 - Sep 3 rally from Sep 7 low
  • RES 2: 174.63 0.618 projection of Aug 28 - Sep 3 rally from Sep 7 low
  • RES 1: 174.51 High Aug 21, high Sep 9 and the bull trigger
  • PRICE: 173.67 @ 04:31 BST Sep 10
  • SUP 1: 173.51 Yesterday's low
  • SUP 2: 173.33 Low Sep 7 and key support
  • SUP 3: 172.35 Low Sep
  • SUP 4: 172.24 Low Aug 28 and major support

Bund futures traded lower yesterday reversing what had appeared to be a resumption of its uptrend. Despite the pullback, price remains above key support at 173.33, Sep 7 low and a positive outlook remains intact. The focus is on 174.51, Aug 21 high and yesterday's high. Clearance of this hurdle would open 175.08, Aug 4 high. Sub 173.33 levels would instead highlight a bearish threat.

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