Free Trial

(H3) Strong Rally

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: 139.86 High Feb 2
  • PRICE: 139.40 @ 04:57 GMT Feb 3
  • SUP 1: 137.90/136.38 50-day EMA / Low Jan 30
  • SUP 2: 136.04 Low Jan 10
  • SUP 3: 135.71 61.8% retracement of the Jan 2 - 19 bull run
  • SUP 4: 135.08 Low Jan 4

Bund futures rallied sharply higher Thursday and cleared initial resistance at 137.90, the 50-day EMA. The break signals potential for stronger near-term gains and note that price has also breached resistance at 139.36, the Jan 25 high. A continuation higher would expose 140.73, the Jan 19 high and a bull trigger. A break of this level would strengthen a bullish case. Key support and bear trigger has been defined at 136.38, the Jan 30 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.