Free Trial

(H18) Close Above 161.86 To Ease.........>

BUND TECHS
BUND TECHS: (H18) Close Above 161.86 To Ease Bearish Pressure
*RES 4: 162.75 21-DMA
*RES 3: 162.37 High Dec 27
*RES 2: 161.86 High Dec 29
*RES 1: 161.81 100-DMA
*PREVIOUS CLOSE: 161.53
*SUP 1: 161.18 Low Jan 2
*SUP 2: 160.80 High Oct 25 now support
*SUP 3: 160.26 Monthly Low Oct 2
*SUP 4: 159.78 Monthly Low Sept 29
*COMMENTARY: Pressure returning to the daily bull channel base took its toll
with a close below that sees bears focused on 159.78-160.26 with below 160.80 to
add weight to their case. O/S daily studies looking to correct and the Bollinger
base (161.06) remain key concerns for bears with potential to limit follow
through. Bulls still need a close above 161.86 to ease bearish pressure and
above 162.37 to hint at a move back to 163.78.

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.