Free Trial

(M18) 158.17-74 Support Region Key.......>

BUND TECHS
BUND TECHS: (M18) 158.17-74 Support Region Key
*RES 4: 161.01 Daily Bull channel top
*RES 3: 160.26 Low Dec 13 now resistance
*RES 2: 159.96 Bollinger band top
*RES 1: 159.69 Monthly High Mar 28
*PREVIOUS CLOSE: 159.01
*SUP 1: 158.93 Bull channel base off Feb 15 Low
*SUP 2: 158.74 Low Apr 16
*SUP 3: 158.53 Hourly resistance Mar 22 now support
*SUP 4: 158.35 High Mar 16 now support
*COMMENTARY: Continued hesitation ahead of Mar monthly highs sees pressure
remain on the daily bull channel base off Feb 15 lows. Bears continue to look
for a close below 158.74 to confirm a break and ease bullish pressure and below
158.17 to shift immediate focus to 157.34-67 where the 55-DMA is noted. Overall
below 157.34 is needed to confirm a break of the 55-DMA and initially target
156.22. Bulls still need a close above 159.69 to reconfirm focus on 160.26-98.

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.