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Free Access(H18) Bears Targeting 200-WMA *RES 4:....>
BUND TECHS: (H18) Bears Targeting 200-WMA
*RES 4: 161.56 Hourly support Jan 9 now resistance
*RES 3: 161.31 21-DMA
*RES 2: 160.97 Highs Jan 16 & 17
*RES 1: 160.85 High Jan 19
*PREVIOUS CLOSE: 160.56
*SUP 1: 160.30 Lows Jan 15 & 18
*SUP 2: 160.11 2018 Low Jan 12
*SUP 3: 160.08 Bollinger band base
*SUP 4: 159.78 Monthly Low Sept 28
*COMMENTARY: Failure to capitalise on the recovery from 2018 lows saw the
significance of 160.97 confirmed with bulls needing a close above to ease
bearish pressure and shift focus to 161.55-162.37 where key DMAs are situated.
Above 162.37 is needed to target 163.78. The sell-off reconfirms immediate focus
back on 160.11 2018 lows and overall focus on 158.47-159.78 where the 200-WMA is
noted. Closes below the 200-WMA were last seen briefly in 2011.
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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.