Free Trial

(H18) Paying The Price For Continued.....>

BUND TECHS
BUND TECHS: (H18) Paying The Price For Continued Failure Below 163.78
*RES 4: 163.27 Dec 18 low, now resistance
*RES 3: 163.14 Initial intraday basing area, now resistance
*RES 2: 162.90/91 Dec 14, Dec 13 lows
*RES 1: 162.70 Hourly resistance
*PRICE: 162.30 @1640GMT
*SUP 1: 162.20 Hourly base Nov 30
*SUP 2: 162.03 76.4% Fibo of 161.49-163.78
*SUP 3: 161.93 Nov 30 low
*SUP 4: 161.71 1% volatility band
*COMMENTARY* Failure to move any higher than 163.78 this month has finally been
the catalyst for a fall. Today's loss of 163.10 and then 162.90 has been
followed by a sharp decline, which is currently jousting with support from
around 162.35. Clearly below here and there is not much to prevent a further
162.20-162.03 drop, ahead of the next notable low, the Nov 30 base at 161.93. In
the meantime, 162.70-162.91 currently forms initial resistance.

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.