Free Trial

(M18) 158.12-159.01 Support Remains......>

BUND TECHS
BUND TECHS: (M18) 158.12-159.01 Support Remains Key
*RES 4: 161.69 Weekly Bear channel top off Sept High
*RES 3: 160.98 Monthly High Dec 11
*RES 2: 160.26 Low Dec 13 now resistance
*RES 1: 159.69 High Mar 28
*PREVIOUS CLOSE: 159.18
*SUP 1: 159.01 High Mar 23 now support
*SUP 2: 158.53 Hourly resistance Mar 22 now support
*SUP 3: 158.35 High Mar 16 now support
*SUP 4: 158.12 Hourly resistance Mar 20 now support
*COMMENTARY: Bulls continue to gain confidence with bullish focus on layers of
resistance 160.26-160.98 and a close above needed to target 161.66-162.79 where
55 & 100-WMAs and the bear channel top are located. O/B daily studies remain the
key concern for bulls. Bears still need a close below 159.01 to ease bullish
pressure and below 158.12 to shift focus back to 156.88-157.67 where the 55-DMA
is noted.

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.