Free Trial

(M18) Bears Need Close Below 158.38......>

BUND TECHS
BUND TECHS: (M18) Bears Need Close Below 158.38
*RES 4: 160.02 Bollinger band top
*RES 3: 159.69 Monthly High Mar 28
*RES 2: 159.55 High Apr 18
*RES 1: 158.91 High May 2
*PREVIOUS CLOSE: 158.61
*SUP 1: 158.38 Low Apr 30
*SUP 2: 157.90 Hourly resistance Apr 26 now support
*SUP 3: 157.43 Low Mar 24
*SUP 4: 157.34 Low Mar 14
*COMMENTARY: Support emerging below the 55-DMA (157.81) combined with correcting
O/S daily studies resulted in a correction that sees the contract flirting with
the 21-DMA (158.82) and focus on 159.55-69. Bulls need a close above 159.69 to
shift initial focus to 160.98 Dec highs. Bears still need a close below 158.38
to ease bullish pressure and below 157.90 to see pressure back on the 157.34-43
supports from last week. 

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.