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(Z0) Uptrend Accelerates

BUND TECHS
  • RES 4: 177.18 High Sep 3 (cont)
  • RES 3: 176.94 High Sep 8 (cont)
  • RES 2: 176.57 1.618 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 1: 176.32 1.500 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • PRICE: 176.17 @ 13:06 BST Oct 15
  • SUP 1: 175.35 Intraday low
  • SUP 2: 175.04 Low Oct 14
  • SUP 3: 174.54 20-day EMA
  • SUP 4: 173.93 Low Oct 7 and the key support

Bunds have continued to rally today and are sharply higher. This week has seen futures clear resistance at 174.97, Oct 2 high and more importantly, the key level at 175.08, Aug 4 high. The breach of 175.08 confirms a resumption of the broader uptrend and sets the scene an extension higher. The next objectives and potential resistance levels are at 176.32 and 176.57, both Fibonacci projection levels. Initial support is at 175.35, today's intraday low.

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