Free Trial

(H9) Bears Look To Target 21-DMA *RES....>

BUND TECHS: (H9) Bears Look To Target 21-DMA
*RES 4: 166.40 High Feb 24 2017 
*RES 3: 166.00 Resistance 
*RES 2: 165.83 High Sep 5, 2017 
*RES 1: 165.54 High Jan 24 
*PRICE: 164.88 @ 05:07 GMT Jan 29 
*SUP 1: 164.43 21-dma
*SUP 2: 163.84 Low Jan 18 
*SUP 3: 163.15 Low Dec 27 
*SUP 4: 162.51 Low Dec 13 
Bund futures have extended their pullback from the Jan 24 highs and the 21-dma
is now coming into focus at 164.43. A break below here would shift the outlook
bearish and target the the Jan 18 lows at 163.84 ahead of the Dec 27 low at
163.15 Bulls look to recover Thursday's high at 165.54 to reignite upside
momentum and target the Sep 5, 2017 high on the continuation chart. 

To read the full story



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.