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Eyeing Resistance At Month's Highs On Dovish Knot Comments

BUNDS

Bund futures blow through resistance levels at 133.47 (Jul 17 high) and 133.68 (Jul 5 high), hitting session high 133.83 up 84 ticks after ECB's Knot's relatively dovish comments on hiking prospects given his hawkish credentials (“For July I think it is a necessity, for anything beyond July it would at most be a possibility but by no means a certainty”).

  • Next resistance level to watch per our technical analyst is the Jul 3 high at 134.14.

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