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BUNDS: Testing the Yield level

BUNDS
  • As noted on the Bund Cash open, price action in futures overnight translated to another test at the 2.197% retracement level, now tested twice, Yesterday and Today with a 133.71 mark in futures.

Looking further out, reference 133.62, next level to watch out for:

  • 2.175% = 133.92.

(Chart source: MNI/Bloomberg):

 

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  • As noted on the Bund Cash open, price action in futures overnight translated to another test at the 2.197% retracement level, now tested twice, Yesterday and Today with a 133.71 mark in futures.

Looking further out, reference 133.62, next level to watch out for:

  • 2.175% = 133.92.

(Chart source: MNI/Bloomberg):