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Free Access(M18) 157.67 & 158.39 Levels Remain......>
BUND TECHS: (M18) 157.67 & 158.39 Levels Remain Key
*RES 4: 158.93 Daily Bull channel top
*RES 3: 158.52 Bollinger band top
*RES 2: 158.39 High Jan 23
*RES 1: 158.17 High Mar 20
*PREVIOUS CLOSE: 157.99
*SUP 1: 157.67 Low Mar 19
*SUP 2: 157.34 Low Mar 14
*SUP 3: 157.19 21-DMA
*SUP 4: 156.88 Low Mar 9
*COMMENTARY: Continued hesitation ahead of the 158.39 resistance is less than
ideal for bulls who need a close above to confirm focus on 159.27-58. The
Bollinger top (158.52) remains the key concern for bulls and limits follow
through. Bears still need a close below 157.67 to ease bullish pressure and
below 156.88 to confirm breaks of DMAs & the bull channel base off Feb 15 lows,
hinting at a move back to 154.62 with below 156.22 to confirm.
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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.