Free Trial

(M1) Extends Gains

BUND TECHS
  • RES 4: 173.48 1.00 proj of the Feb 25 - Mar 11 - Mar 18 price swing
  • RES 3: 173.00 Round number resistance
  • RES 2: 172.83 Low May 5
  • RES 1: 172.78 0.764 proj of the Feb 25 - Mar 11 - Mar 18 price swing
  • PRICE: 172.57 @ 05:11 GMT Mar 26
  • SUP 1: 171.93 Low Mar 24
  • SUP 2: 171.42 Low Mar 23
  • SUP 3: 170.52 Low Mar 18 and key support
  • SUP 4: 170.00 Round number support

Bund futures pushed higher again yesterday and remain positive. Key resistance at 172.20, Mar 11 high has been cleared this week. The break represents an important short-term bullish development and signals the end of the recent period of consolidation. Also, this has confirmed a resumption of the upleg that started Feb 25. The focus is on 172.78 next, a Fibonacci projection. Key support has been defined at 170.52, Mar 18 low.

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.