Free Trial

(H9) Eyes Tuesday Highs *RES 3: 165.00...>

BUND TECHS
BUND TECHS: (H9) Eyes Tuesday Highs
*RES 3: 165.00 Inverse head-and-shoulders target
*RES 2: 164.15 High May 29 (continuation chart)
*RES 1: 164.01 High Dec 20
*PRICE: 163.65 @ 15:13 GMT Dec 27
*SUP 1: 162.53/83 Low Dec 13/21-dma
*SUP 2: 161.88 Low Dec 3
*SUP 3: 161.32 Low Nov 23
Bund futures gapped lower at the open on the back of the impressive Dec26 US
equity rally but all losses were swiftly reversed in a strong session for bond
bulls Thursday. eased off the Thursday high for much of the Friday session
Friday (Dec21) to finish the week and the final full trading session before
Christmas on a largely neutral tone. Nonetheless, short and medium-term momentum
indicators continue to point higher, with Bunds comfortably within the bounds of
the bullish trend channel that's dictated play since early October.

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.