Free Trial

(H18) Focus On Weekly Bear Channel.......>

BUND TECHS
BUND TECHS: (H18) Focus On Weekly Bear Channel Base
*RES 4: 159.33 High Jan 31
*RES 3: 158.92 High Feb 6
*RES 2: 158.51 Hourly resistance Feb 7
*RES 1: 158.24 Hourly support Feb 7 now resistance
*PREVIOUS CLOSE: 158.02
*SUP 1: 157.62 2018 Low Feb 5
*SUP 2: 157.52 Low Dec 29 2015
*SUP 3: 156.78 Low Dec 16 2015
*SUP 4: 156.52 Weekly bear channel base
*COMMENTARY: The bullish key day reversal Monday failed to deliver with the
contract remaining heavy. O/S daily studies and the Bollinger base (157.68)
remains concerns for bears who are currently focused on 156.52-78 where the
weekly bear channel base is located. A close below 154.81 is then needed to
target 148.23 2015 lows. Bulls now need a close above 158.92 to ease bearish
pressure and above the bear channel top (159.98) to shift focus higher.

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.