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Futures Near Next Fibonacci Resistance

BUNDS

As noted elsewhere, EGBs remain underpinned, with 10-Year Bund yields registering a fresh ’23 low in recent trade. In terms of futures specifics, we once again flag initial resistance in the form of the 3.382 projection of the Nov of the 13-17-24 price swing (138.49). Highs of 138.47 have been seen thus far. A break of initial resistance would expose the 3.50 projection of the same move (138.76).

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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