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December Bund futures once again near the 152.00 region – Commerzbank

FXStreet (Barcelona) - Axel Rudolph, Analyst at Commerzbank notes that the Bund futures remained near the minor psychological level of 152.00.

Key Quotes

“Bund futures remain bid and near the 151.97/152.00 zone, where the 78.6% Fibonacci retracement meets a minor psychological level. This is the last defence for the 152.49/66 key resistance area and our target. It represents the recent high and the top of the 20 year channel.”

“Dips lower should remain well supported by the 151.25 Imoku 1 level.”

“Below here we find the 150.69 uptrend. Uptrend support is reinforced by the 55 day ma at 149.98 and only a close below this latter level would confirm the end of the bull run.”

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