Free Trial

BUNDS: (H9) 166.83 Remains Key *RES.....>

BUND TECHS
BUND TECHS: BUNDS: (H9) 166.83 Remains Key 
*RES 4: 170.00 Resistance 
*RES 3: 168.42 High Sep 9 2016 (continuation chart) 
*RES 2: 167.00 Channel top (continuation chart) 
*RES 1: 166.83 High Feb 8 
*PRICE: 166.51 @ 04:50 GMT Feb 20 
*SUP 1: 165.78 21-dma 
*SUP 2: 163.84 Low Jan 18 
*SUP 3: 163.15 Low Dec 27 
*SUP 4: 162.51 Low Dec 13 (continuation chart) 
Bund futures came within touching distance of the Feb 8 high at 166.83 yesterday
and despite giving back some gains the focus remains on this level. A break
above here would open the channel top at 167.00 ahead of a run at the Sep 2016
high at 168.42 on the continuation chart. To break the uptrend bears need a
close below the 21-dma at 165.78, below here would suggest a downside reversal
towards the Jan 18 low at 163.84 ahead of the Dec 27 low at 163.15.

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.