Free Trial

(M18) 158.04 So Far Thwarts Attempts.....>

BUND TECHS
BUND TECHS: (M18) 158.04 So Far Thwarts Attempts At A Near Term Recovery
*RES 4: 158.95 Apr 13, Apr 17 lows, now resistance
*RES 3: 158.74 Apr 16 low, now resistance
*RES 2: 158.30/40 Hourly recovery high Apr 20, Apr 20 high
*RES 1: 158.00/04 Hourly resistance, Apr 24 high
*PRICE: 157.63 @0730GMT
*SUP 1: 157.43 Apr 24 low
*SUP 2: 157.16 50% Fibo of 154.62-159.69
*SUP 3: 157.04/08 76.4% 156.22-159.69, swing 157.43-158.00
*SUP 4: 156.98 1% volatility band
*COMMENTARY* Monday saw the slide continue, moving below 158.15 initially and
then later the 157.75-157.72 area. A low so far of 157.43, which is again under
pressure early today. This currently offers protection to the next band of
support between the 50% Fibo level at 157.16 and the lower 1% volatility band at
156.98. Nearest resistance still comes from beneath 158.04 but any recovery will
only generate pace above 158.30-158.40. 

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.