Free Trial

(H18) Close Above 159.66 To Ease.........>

BUND TECHS
BUND TECHS: (H18) Close Above 159.66 To Ease Bearish Pressure
*RES 4: 160.36 High Jan 26
*RES 3: 160.09 Hourly resistance Jan 26
*RES 2: 159.66 Low Jan 25 now resistance
*RES 1: 159.33 High Jan 31
*PREVIOUS CLOSE: 158.69
*SUP 1: 158.50 2018 Low Jan 31
*SUP 2: 157.52 Low Dec 29 2015
*SUP 3: 156.78 Low Dec 16 2015
*SUP 4: 156.55 Weekly bear channel base
*COMMENTARY: Fresh 2018 & 2+yr lows saw the contract dip below the 200-WMA
(158.63). Bears look for a weekly close below the 200-WMA to target 154.81 Nov
2015 monthly lows although layers of support 156.55-157.52 may slow the move.
O/S daily studies and the Bollinger base (158.78) remain concerns for bears.
Bulls need a close above 159.66 to ease bearish pressure and above the 21-DMA
(160.52) to shift focus to161.13-162.04 where key DMAs are situated.

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.