Free Trial

(H0) Heading South *RES 4: 173.30 High...>

BUND TECHS
BUND TECHS: (H0) Heading South
*RES 4: 173.30 High Dec 4
*RES 3: 173.22 High Jan 8 and key intraday resistance
*RES 2: 172.32 Trendline resistance drawn off the Sep 3 high
*RES 1: 171.51 High Jan 9
*PRICE: 170.67 @ 04:45 GMT Jan 14
*SUP 1: 170.66 Intraday low
*SUP 2: 170.19 Low Jan 2 and key support
*SUP 3: 170.06 1.618 projection of Nov 28 - Dec 3 decline from Dec 4 high
*SUP 4: 170.00 Round number support
H0 Bund was weaker yesterday and is likely to maintain a bearish theme
near-term. The recent rejection off the Jan 8 high of 173.22 continues to weigh.
The sell-off confirmed a failure to hold above trendline resistance drawn off
the Sep 3 high and the 50-day EMA, an indicator used as a reliable trend signal.
The risk short-term is seen for a retest of 170.19, Jan 2 low that also marks
the next key bear trigger. Resistance is at 171.51, Jan 9 high.

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.