Free Trial

(H18) Lacks Follow Through Below.........>

BUND TECHS
BUND TECHS: (H18) Lacks Follow Through Below Bollinger base
*RES 4: 161.56 Hourly support Jan 9 now resistance
*RES 3: 161.13 High Jan 23
*RES 2: 160.85 High Jan 24
*RES 1: 160.32 Low Jan 24 now resistance
*PREVIOUS CLOSE: 160.28
*SUP 1: 159.99 Alternating hourly support/resistance
*SUP 2: 159.84 Bollinger band base
*SUP 3: 159.66 2018 Low Jan 25
*SUP 4: 158.73 2017 Low Mar 14
*COMMENTARY: The sharp sell-off Thursday resulted in fresh 2018 & 9mth lows
although the lack of follow through is less than idea. Bears now focus on tests
of 158.55-73 where 2017 lows and the 200-WMA are situated. Today bulls look for
a close above 160.32 to gain breathing room and above 161.13 to confirm breaks
of the 21-DMA (161.04) & bear channel top (160.93), shifting focus to
161.55-162.08 where 55 (162.08) & 100 (161.75) DMAs are noted.

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.