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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
(Z9) Stalls Just Above Key Resistance....>
BUND TECHS: (Z9) Stalls Just Above Key Resistance
*RES 4: 173.04 Trendline resistance drawn off Sep 3 high
*RES 3: 172.82 High Oct 15
*RES 2: 172.29 High Oct 16
*RES 1: 172.03 High Oct 31
*PRICE: 171.36 @ 04:45 GMT Nov 4
*SUP 1: 171.17 Low Oct 31
*SUP 2: 170.56 Low Oct 28 and key support
*SUP 3: 170.43 2.618 projection of Sep 25 - Oct 1 decline from Oct 3 high
*SUP 4: 170.29 1.000 projection of Sep 3 - Sep 13 decline from Sep 25 high
Z9 Bund failed to deliver a clear break of key resistance at 171.96 last week,
touching a high of 172.03 Thursday but selling off Friday. 172.03 marks the key
resistance this week where a break would signal a bullish reversal. A break
higher would likely also have positive momentum behind it with these indicators
having recently unwound an oversold condition and open trendline resistance at
173.04. Primary support has been defined at 170.56.
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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.