Free Trial

(H9) Losing Momentum Ahead Of Jan 3......>

BUND TECHS
BUND TECHS: (H9) Losing Momentum Ahead Of Jan 3 Highs 
*RES 4: 166.40 High Feb 24 2017 
*RES 3: 166.00 Resistance 
*RES 2: 165.83 High Sep 5, 2017 
*RES 1: 165.10 High Jan 3 
*PRICE: 164.48 @ 04:52 GMT Jan 15 
*SUP 1: 163.80 21-dma 
*SUP 2: 163.15 Low Dec 27 
*SUP 3: 162.51 Low Dec 13 
*SUP 4: 162.48 55-dma 
The recovery in Bund futures appears to be losing steam ahead of the Jan 3 high
at 165.10. Bulls keep focused on this level, above which would open the Sep 2017
high at 165.83. The 21-dma at 163.80 acts as initial support, with a break below
needed to shift the outlook negative and target the Dec 27 low at 163.15.

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.