Free Trial

(H9) Uptrend Shows No Sign Of Ending.....>

BUND TECHS
BUND TECHS: (H9) Uptrend Shows No Sign Of Ending
*RES 4: 168.42 High Sep 9 2016 (continuation chart) 
*RES 3: 166.40 High Feb 24 2017 (continuation chart) 
*RES 2: 166.00 Resistance (continuation chart) 
*RES 1: 165.87 Hourly high Jan 31 
*PRICE: 165.74 @ 05:00 GMT Feb 1 
*SUP 1: 164.61 21-dma (continuation chart) 
*SUP 2: 163.84 Low Jan 18 (continuation chart) 
*SUP 3: 163.15 Low Dec 27 (continuation chart) 
*SUP 4: 162.51 Low Dec 13 (continuation chart) 
Bund futures took out the the Sep 5 2017 highs yesterday to strengthen the
uptrend which shows no sign of ending any time soon. Bulls now eye the 166.00
level ahead of a return to the Feb 2017 high at 166.40. Bears have their work
cut out to reverse recent gains with a break below the 21-dma at 164.61 needed
to suggest a downside reversal. Below here would open the Jan 18 low at 163.84
ahead of 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.