Free Trial

(M1) Resistance Remains Intact

  • 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: 172.12 High Apr 8
  • PRICE: 171.53 @ 05:13 BST Apr 14
  • SUP 1: 170.98 Low Apr 13
  • SUP 2: 170.71/52 Low Mar 30 / 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 remain vulnerable with initial resistance at 172.12, Apr 8 high. A bearish focus remains intact with attention on key S/T support at 170.52, Mar 18 low. Clearance of this level would strengthen a bearish case and signal scope for a deeper sell-off. The move lower from 172.66, Mar 25 low suggests the recovery between Feb 25 - Mar 25 was a correction and that this correction is possibly over. Bearish!

To read the full story



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.