Free Trial

(H2) Trading Below Recent Highs

BUND TECHS
  • RES 4: 171.99 50.0% retracement of the Aug 12 - Jan 19 downleg
  • RES 3: 171.77 Low Nov 24 and recent breakout level
  • RES 2: 171.44 50-day EMA
  • RES 1: 171.07 High Jan 24
  • PRICE: 169.88 @ 05:05 GMT Jan 30
  • SUP 1: 169.42 Low Jan 26
  • SUP 2: 168.95 Low Jan 19 and the bear trigger
  • SUP 3: 168.84 3.764 proj of the Dec 8 - Dec 20 price swing
  • SUP 4: 168.46 4.00 proj of the Dec 8 - Dec 20 price swing

Bund futures remain below the Jan 24 high of 171.07. Key short-term resistance at 171.00 was only briefly probed last week, Jan 13 high. A clear break of this hurdle would signal potential for a stronger short-term recovery and expose the 50-day EMA at 171.44. Broader trend conditions remain bearish though. The trigger for a resumption of the downtrend is 168.95, the Jan 19 low.

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.