Free Trial

(H3) Bearish Outlook

BUND TECHS
  • RES 4: 142.59 0.764 proj of the Jan 2 - 19 - 30 price swing
  • RES 3: 141.70 High Dec 13
  • RES 2: 140.73 High Jan 19 and the bull trigger
  • RES 1: 137.71/139.86 50-day EMA / High Feb 2
  • PRICE: 135.32 @ 16:03 GMT Feb 14
  • SUP 1: 135.18 Low Feb 14
  • SUP 2: 135.08 Low Jan 4
  • SUP 3: 134.52 76.4% retracement of the Jan 2 - 19 bull run
  • SUP 4: 133.79 Low Jan 3

Bund futures are trading closer to their recent lows. The contract last week breached support at 136.38, the Jan 30 low and this has strengthened the current bearish cycle. The focus is on 135.08 next, the Jan 4 low. Moving average studies are in a bear-mode position, reinforcing current conditions and highlighting bearish sentiment. On the upside, resistance to watch is at 137.71, the 50-day EMA.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.