Free Trial

(H18) Heading Towards Top Of The Range...>

BUND TECHS
BUND TECHS: (H18) Heading Towards Top Of The Range After 157.90 Holds
*RES 4: 159.72/75 1% vol band, 38.2% of 163.78-157.26
*RES 3: 159.30/33 Feb 5, Jan 31 highs
*RES 2: 158.92 Feb 7 high
*RES 1: 158.78/82 Feb 16 high, 76.4% Fibo of 159.30-157.26
*PRICE: 158.66 @0815GMT
*SUP 1: 158.07/17 Hourly support
*SUP 2: 157.90 Feb 20 low
*SUP 3: 157.65 Feb 16 low
*SUP 4: 157.42 Feb 15 low
*COMMENTARY* Found the ability to trade towards the top of the recent range last
Friday but still requires a move back through 158.82-158.92 before the near term
bias can return to the topside and another look at 159.30-159.33. This a
combination of a 76.4% Fibo retrace of the recent 159.30-157.26 fall and the Feb
7 high. While it caps, then look to 158.17-158.07 for initial support,
yesterday's 157.90 low of more importance below.

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.