Free Trial

(M18) Consolidation Continues After......>

BUND TECHS
BUND TECHS: (M18) Consolidation Continues After Cap Below 158.39
*RES 4: 159.32 1% volatility band
*RES 3: 158.77 1.618 swing 158.35-157.67
*RES 2: 158.55/60 61.8% 160.98-154.62, swing 157.69-156.22  
*RES 1: 158.35/39 Mar 16, Jan 23 highs
*PRICE: 158.04 @0740GMT
*SUP 1: 157.67 Initial high Mar 14, Mar 19 low
*SUP 2: 157.55 Hourly congestion Mar 13-14
*SUP 3: 157.34/36 Mar 14 low, Mar 8 high
*SUP 4: 157.15/17 Hourly highs Mar 9, Mar 13 low
*COMMENTARY* The rally faltered on Friday at the lower edge of the suggested
158.39-158.60 target zone. Monday's lower opening suggesting scope for some
correction, initially of gains from the Mar 8 low at 156.22. In this respect,
the Mar 14 high at 157.67 offers clues. Below here and the chance for a deeper
157.55-157.34 fall increases as we give back some of those gains from 156.22. 

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.