Free Trial

(M0) Probes Resistance *RES 4: 174.00....>

BUND TECHS
BUND TECHS: (M0) Probes Resistance
*RES 4: 174.00 Round number resistance
*RES 3:173.83 High Mar 30 and key resistance
*RES 2: 173.48 High Apr 1
*RES 1: 173.28 High Apr 21 and bull trigger
*PRICE: 172.98 @ 04:51 BST Apr 30
*SUP 1: 172.09 Low Apr 28
*SUP 2: 171.29 Low Apr 23
*SUP 3: 170.77 76.4% retracement of the Apr 8 - 21 rally
*SUP 4: 170.28 Low Apr 14
Bund futures edged higher yesterday and did probe resistance at 173.26, Apr 21
high. A clear break would end the current consolidation phase and reinforce a
bullish theme. Last week the contract found strong support at 171.29, Apr 23
low. While this level remains in place, the outlook is positive as bulls remain
in control following the recovery off 170.00 on Apr 8 and 9. A break higher
would open 173.83, Mar 30 high. Key support lies at 171.29.

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.