MNI BRIEF: China Copper Prices Up On Trump Inauguration

MNI BRIEF: Canada Says US Tariffs Would Be Error, Set To Reply

CANADA SAYS ABSOLUTELY READY TO RESPOND TO ANY TRUMP TARIFFS

MNI: PBOC Net Injects CNY201 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Lower At 7.1703 Tue; -1.66% Y/Y

MNI China Daily Summary: Monday, January 20

MNI: UK DEC CLAIMANT CHG +700

EZ/UK T-Bill Calendar: 6-month ESM-Bill Auction on Tuesday

EZ/UK Bond Supply Calendar: FR/LT/UK Syndications Near Future

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BUND TECHS: (H5) Bullish Engulfing Reversal

BUND TECHS
Fixed Income Technical AnalysisCredit BulletsBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 137.75 Low Dec 10            
  • RES 3: 135.15 High Dec 13 
  • RES 2: 132.66 20-day EMA
  • RES 1: 131.71/132.14 High Jan 9 / 8                
  • PRICE: 131.53 @ 05:50 GMT Jan 16
  • SUP 1: 130.28 Low Jan 15 and the bear trigger      
  • SUP 2  130.44 Low Jul 5 ‘24 (cont)            
  • SUP 3: 130.23 Low Jul 3 ‘24 (cont)
  • SUP 4: 130.00 Psychological round number      

The trend in Bund futures is unchanged, it remains bearish. However, yesterday’s gains highlight a possible short-term reversal signal - a bullish engulfing candle. If correct, it suggests scope for a corrective bull cycle that would allow an oversold trend condition to unwind. A continuation higher would open 132.66, the 20-day EMA. The bear trigger has been defined at 130.28, the Jan 15 low, a break would resume the downtrend.

131 words

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.
  • RES 4: 137.75 Low Dec 10            
  • RES 3: 135.15 High Dec 13 
  • RES 2: 132.66 20-day EMA
  • RES 1: 131.71/132.14 High Jan 9 / 8                
  • PRICE: 131.53 @ 05:50 GMT Jan 16
  • SUP 1: 130.28 Low Jan 15 and the bear trigger      
  • SUP 2  130.44 Low Jul 5 ‘24 (cont)            
  • SUP 3: 130.23 Low Jul 3 ‘24 (cont)
  • SUP 4: 130.00 Psychological round number      

The trend in Bund futures is unchanged, it remains bearish. However, yesterday’s gains highlight a possible short-term reversal signal - a bullish engulfing candle. If correct, it suggests scope for a corrective bull cycle that would allow an oversold trend condition to unwind. A continuation higher would open 132.66, the 20-day EMA. The bear trigger has been defined at 130.28, the Jan 15 low, a break would resume the downtrend.