© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI BRIEF: Jefferson Sworn In As Fed Vice Chair, Kugler As Gov

MNI: FED: PHILIP JEFFERSON SWORN IN AS VICE CHAIR ON WEDNESDAY

US Treasury Auction Calendar

MNI UK Labour Market Review: Emerging evidence of wage peak?

EZ/UK Bond Supply Calendar: Ireland 4/22-Year IGBs Due Thurs

MNI BRIEF: Highlights From BOC Governor Macklem Speech

MNI BRIEF: Finance Minister Calls BOC Pause 'Welcome Relief'

MNI BRIEF: China Will Look To Belt & Road Amid Trade Tensions

(H18) Falls Toward Two Fibo Retrace......>

BUND TECHS
BUND TECHS: (H18) Falls Toward Two Fibo Retrace Levels From 158.58-158.55
*RES 4: 160.32/36 Jan 24, Jan 26 lows, now resistance
*RES 3: 160.03/11 Hourly high Jan 26, Jan 12 low
*RES 2: 159.66/74 Jan 25, Jan 26 lows 
*RES 1: 159.30 Hourly resistance
*PRICE: 159.17 @0856GMT
*SUP 1: 158.66 Jan 29 low
*SUP 2: 158.58 76.4% Fibo of 156.97-163.78
*SUP 3: 158.40/55 1% vol band, 50% Fibo of 148.23-168.86
*SUP 4: 158.05 1.618 swing of 160.24-163.78
*COMMENTARY* Opened lower Monday, support from 159.57-159.44 gave way, as did
the 6 week bear channel base, with the lower 1% volatility band then at 158.55
also being threatened. A base of 158.66 so far and we are heavily oversold as a
result. Next supports of note come from two Fibo retrace levels, the 76.4% at
158.58 and the longer term 50% at 158.55. Meanwhile, resistance comes from below
159.30, back above needed to start repairing some of those oversold conditions.
MarketsFixed Income News
MarketsFixed Income News

To read the full story

Why Subscribe to

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.