Free Trial

(H18) Recovery On Hold While 163.57......>

BUND TECHS
BUND TECHS: (H18) Recovery On Hold While 163.57 Resistance Caps
*RES 4: 164.40 76.4% Fibo of 165.69-160.24
*RES 3: 164.21 1.618 swing of 163.67-162.79
*RES 2: 163.78 Dec 11 high
*RES 1: 163.48/57 Dec 13 high, hourly resistance
*PRICE: 163.31 @1655GMT
*SUP 1: 162.90/00 Intraday, Dec 13 lows, hourly support
*SUP 2: 162.79 Dec 4 low
*SUP 3: 162.56 1.618 swing of 162.91-163.48
*SUP 4: 162.35 Nov 30 low
*COMMENTARY* The failure to sustain a break above 163.67 earlier in the week is
coming home to roost, as Wednesday's break below 163.17 opened up deeper
corrective opportunities. A low of 162.91 seen so far, before a bounce to 163.48
but requiring back above 163.57, before interest can return to the topside.
Meanwhile, 163.00-162.90 provides support, beneath which 162.79 is important and
protects against a further 162.56-162.35 fall. 

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.