MNI BRIEF: China Hopes EU To Ease Frictions Via Negotiations

MNI BRIEF: BOJ To Adjust Policy, But Uncertainty High - Ueda

MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1196 Fri; -1.41% Y/Y

CHINA PBOC CONDUCTS CNY10 BILLION VIA 7-DAY REVERSE REPOS FRI

Non-EU Exports May Drop Questions April Incline

MNI: UK JUN FLASH MANUFACTURING PMI 51.4 (FCST 51.1); MAY 51.2

Services PMI disappoints but little market reaction overall

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(H4) Watching Resistance At The 20-Day EMA

BUND TECHS
  • RES 4: 139.39 3.764 proj of the Nov of the 13 - 17 - 24 price swing
  • RES 3: 137.96/138.84 High Jan 4 / High Dec 27 and the bull trigger
  • RES 2: 136.16 High Jan 5 / 8
  • RES 1: 134.97 20-day EMA
  • PRICE: 134.89 @ 05:21 GMT Jan 26
  • SUP 1: 133.55 Low Jan 26
  • SUP 2: 133.42 Low Dec 4
  • SUP 3: 132.89 50.0% retracement of the Oct 4 - Dec 27 bull phase
  • SUP 4: 132.29 Low Nov 30

A clear downtrend in Bund futures remains intact and short-term gains are considered corrective. The recent move lower has strengthened the current bear trend and maintains the price sequence of lower lows and lower highs. Key support at the Dec 8 low of 134.37, has recently been breached and this opens 133.42, the Dec 4 low. Initial resistance is at 134.97, the 20-day EMA. A clear break of the average would ease bearish pressure.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.