Free Trial

(H18) Above 159.66 To Target.............>

BUND TECHS: (H18) Above 159.66 To Target 160.76-161.23
*RES 4: 159.66 High Jan 29
*RES 3: 159.33 High Jan 31
*RES 2: 158.89 Daily Bear channel top
*RES 1: 158.69 21-DMA
*SUP 1: 157.90 Low Feb 21
*SUP 2: 157.65 Low Feb 16
*SUP 3: 157.42 Low Feb 15
*SUP 4: 157.26 2018 Low Feb 8
*COMMENTARY: Hesitation ahead of 158.69-159.66 continues with bulls continuing
to look for a close above 159.66 to confirm breaks of the 21-DMA and the daily
bear channel top, shifting focus to 160.76-161.23 where 55 & 100-DMAs are noted.
Bears now look for a close below 157.90 to gain breathing room. A close below
157.26 remains needed to add weight to the case for a test of the bear channel
base (156.32). Daily studies have corrected to more neutral levels.

To read the full story



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.