Free Trial

(H18) Finding Some Support From 2 Week...>

BUND TECHS
BUND TECHS: (H18) Finding Some Support From 2 Week Bear Channel Base
*RES 4: 162.37 Dec 27 high
*RES 3: 162.04/09 Jan 8 high, 76.4% Fibo of 162.37-161.18
*RES 2: 161.71 Initial pullback low Jan 8, now resistance
*RES 1: 161.35/45 Hourly resistance
*PRICE: 161.18 @0837GMT
*SUP 1: 160.90/96 2 week channel base, swing of 161.50-162.37
*SUP 2: 160.76 Oct 25 low
*SUP 3: 160.65 1.618 swing of 161.18-162.04
*SUP 4: 160.24 Sep 28 low
*COMMENTARY* Pullback continues, today breaking 161.18-161.08 support. A low in
line with the two week channel base but below the initial swing target at
160.96. This before some oversold hourly conditions have kicked in. In this
respect, the 161.35-161.45 area provides resistance. Need back through here,
before immediate bias can turn higher again, 161.71 then the next barrier to
note. Below 160.91 and look to 160.76 and the second swing target at 160.65.

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.