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Free Access(Z9) Firmer Within The Channel *RES 4:...>
BUND TECHS: (Z9) Firmer Within The Channel
*RES 4: 172.82 High Oct 15
*RES 3: 172.26 Channel resistance drawn off the Sep 3 high
*RES 2: 172.03 High Oct 31 and key resistance
*RES 1: 171.15 High Nov 14
*PRICE: 170.78 @ 04:46 GMT Nov 15
*SUP 1: 169.67 Low Nov 13
*SUP 2: 169.12 Low Nov 8 and bear trigger
*SUP 3: 168.50 1.382 projection of Sep 3 - Sep 13 decline from Sep 25 high
*SUP 4: 168.27 Projected channel base drawn off Sep 3 high
Z9 Bund was firmer again yesterday and continues to retrace territory lost
during last weeks sell-off. Key resistance at 170.97, Nov 7 high was breached
yesterday. This signals scope for an extension higher and opens 172.03, Oct 31
high. The top of the bear channel drawn off the Sep 3 high intersects at 172.26.
While the channel top holds, this weeks recovery continues to be viewed as a
correction. Support for now lies at 169.67, Wednesday's low.
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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.