MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1843 Weds; -1.22% Y/Y

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

EZ/UK Bond Supply Calendar: 4.25% Jul-34 Gilt Due Wednesday

EZ/UK T-Bill Calendar: 12-Month BOT Auction on Wednesday

MNI: JAPAN NOV CORP GOODS PRICE INDEX +3.7% Y/Y; OCT REV +3.6%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BUND TECHS: (Z4) Bear Cycle Intact

BUND TECHS
Fixed Income Technical AnalysisCredit BulletsBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 137.00 Round number resistance        
  • RES 3: 136.20 High Oct 1 and the bull trigger
  • RES 2: 135.24 High Oct 3
  • RES 1: 133.90/134.19 50- and 20-day EMA values                        
  • PRICE: 133.51 @ 07:01 BST Oct 11
  • SUP 1: 132.83 1.0% 10-dma envelope
  • SUP 2: 132.75 Low Oct 10                
  • SUP 3: 132.65 Low Sep 2 and a key support
  • SUP 4: 132.25 Low Jul 29

Bund futures broke lower, piercing support, on Thursday. This extends the weakness posted off the move through both the 20- and 50-day EMAs and undermines a recent bullish outlook. A continuation would further strengthen a developing bearish threat. This would open 132.65, the Sep 2 low. Initial resistance is at 134.29, the 20-day EMA. A clear break of this average is required to signal a possible reversal.

126 words

To read the full story

Close

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.
  • RES 4: 137.00 Round number resistance        
  • RES 3: 136.20 High Oct 1 and the bull trigger
  • RES 2: 135.24 High Oct 3
  • RES 1: 133.90/134.19 50- and 20-day EMA values                        
  • PRICE: 133.51 @ 07:01 BST Oct 11
  • SUP 1: 132.83 1.0% 10-dma envelope
  • SUP 2: 132.75 Low Oct 10                
  • SUP 3: 132.65 Low Sep 2 and a key support
  • SUP 4: 132.25 Low Jul 29

Bund futures broke lower, piercing support, on Thursday. This extends the weakness posted off the move through both the 20- and 50-day EMAs and undermines a recent bullish outlook. A continuation would further strengthen a developing bearish threat. This would open 132.65, the Sep 2 low. Initial resistance is at 134.29, the 20-day EMA. A clear break of this average is required to signal a possible reversal.