MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI China Daily Summary: Wednesday, December 11

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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) Corrective Cycle

BUND TECHS
Fixed Income Technical AnalysisCredit BulletsBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 136.37 1.236 retracement proj of the Aug 5 - Sep 2 bear leg         
  • RES 3: 136.00 Round number resistance
  • RES 2: 135.66 High Aug 5 and the bull trigger 
  • RES 1: 134.86/135.49 High Sep 18 / 11                     
  • PRICE: 134.65 @ 05:20 BST Sep 24
  • SUP 1: 133.92/63 Low Sep 20 / 50-day EMA             
  • SUP 2: 132.65 Low Sep 2 and the bear trigger 
  • SUP 3: 132.25 Low Jul 29 
  • SUP 4: 131.66 Low Jul 26

Bund futures continue to trade below their recent highs. The latest move down - a correction - has resulted in a breach of the 20-day EMA. This continues to signal scope for a deeper retracement near-term, potentially towards the 50-day EMA, at 133.63. Clearance of this average would undermine a bullish theme. For bulls, a reversal higher would refocus attention on key resistance and the bull trigger at 135.66, the Aug 5 high.

147 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: 136.37 1.236 retracement proj of the Aug 5 - Sep 2 bear leg         
  • RES 3: 136.00 Round number resistance
  • RES 2: 135.66 High Aug 5 and the bull trigger 
  • RES 1: 134.86/135.49 High Sep 18 / 11                     
  • PRICE: 134.65 @ 05:20 BST Sep 24
  • SUP 1: 133.92/63 Low Sep 20 / 50-day EMA             
  • SUP 2: 132.65 Low Sep 2 and the bear trigger 
  • SUP 3: 132.25 Low Jul 29 
  • SUP 4: 131.66 Low Jul 26

Bund futures continue to trade below their recent highs. The latest move down - a correction - has resulted in a breach of the 20-day EMA. This continues to signal scope for a deeper retracement near-term, potentially towards the 50-day EMA, at 133.63. Clearance of this average would undermine a bullish theme. For bulls, a reversal higher would refocus attention on key resistance and the bull trigger at 135.66, the Aug 5 high.