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Technical analysis: Euro-Bund Future

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Euro−Bund future –Dec 2009

Mon, Nov 16 2009, 08:39 GMT
by Nicole Elliott

Mizuho Corporate Bank


Comment: Dull as prices hold within the range established since July. We hope that the combination of Fibonacci and channel support, the rising Ichimoku ‘cloud’ and a potential ‘double bottom’ will eventually push this contract through key resistance at 123.04.

Strategy: Attempt longs at 121.35; stop well below 120.50. Add to longs on a daily close above 122.00 and again above 123.00 for 124.00/124.60 before year-end.


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Mizuho Corporate Bank  | 1-3-3, Marunouchi, Chiyoda-ku, Tokyo 100-8210
http://www.mizuho-cb.co.uk | Nicole.Elliot@mhcb.co.uk

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