Free Trial

(M18) 157.73-97 Support Region Key.......>

BUND TECHS
BUND TECHS: (M18) 157.73-97 Support Region Key Today
*RES 4: 159.27 Monthly High Jan 8
*RES 3: 158.64 Daily Bull channel top
*RES 2: 158.39 High Jan 23
*RES 1: 158.30 Bollinger band top
*PREVIOUS CLOSE: 158.18
*SUP 1: 157.97 High Mar 15 now support
*SUP 2: 157.73 Hourly resistance Mar 14 now support
*SUP 3: 157.34 Low Mar 14
*SUP 4: 157.02 55-DMA
*COMMENTARY: Hesitation ahead of the 158.39 resistance is less than ideal for
bulls who need a close above this level to confirm focus on 159.27-58. The
Bollinger top (158.30) is the key concern for bulls and limits follow through.
Bears still need a close below 157.73 to ease bullish pressure and below the
21-DMA (156.86) to confirm a break of the bull channel base off Feb 15 lows,
hinting at a move back to 154.62 and below 156.22 to confirm.

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.