Free Trial

(M1) Attention Remains On Support

BUND TECHS
  • RES 4: 172.78 0.764 proj of the Feb 25 - Mar 11 - Mar 18 price swing
  • RES 3: 172.66 High Mar 25
  • RES 2: 172.34 High Mar 29
  • RES 1: 171.56 High Mar 30
  • PRICE: 171.20 @ 05:09 GMT Apr 1
  • SUP 1: 170.71 Low Mar 30
  • SUP 2: 170.52 Low Mar 18 and key support
  • SUP 3: 170.00 Round number support
  • SUP 4: 169.24 Low Feb 24 and major support

Bund futures are trading closer to recent lows. The recent pullback highlights the importance of support at 170.52, Mar 18 low. A break of this level would strengthen a bearish argument and signal scope for a deeper sell-off. The recent move lower suggests that the entire recovery between Feb 25 - Mar 25 has been a correction and that this correction is possibly over. Key resistance has been defined at 172.66, Mar 25 high.

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.