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Free Access(Z17) Focus Shifts To 150.06-08 *RES.....>
JGB TECHS: (Z17) Focus Shifts To 150.06-08
*RES 4: 150.46 - 200-DMA
*RES 3: 150.43 - 21-DMA
*RES 2: 150.39 - Hourly support Oct 20 now resistance
*RES 1: 150.34 - Hourly resistance Oct 20
*PRICE: 150.24 @ 2030GMT
*SUP 1: 150.18 - Hourly support Oct 3
*SUP 2: 150.08 - Low Oct 3
*SUP 3: 150.06 - Low July 20, Bollinger band base
*SUP 4: 149.92 - Low July 14
*COMMENTARY: Sideways trading defined most of last week with the contract capped
ahead of layers of resistance 150.46-51 where 100 & 200-DMAs are located. The
21-DMA capped Friday with a close below 150.26 shifting focus to 150.06-08
supports this week. Below 150.06 shifts overall focus back to 149.65 July lows.
Bulls now need a close above 150.39 to return pressure to 150.43-51. Daily
studies are well placed for a fresh leg lower.
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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.