Free Trial

(M3) Bullish Outlook

BUND TECHS
  • RES 4: 136.70 38.2% retracement of the Mar 20 - Apr 19 bear leg
  • RES 3: 136.00 Round number resistance
  • RES 2: 135.85 38.2% retracement of the Mar 20 - Apr 19 bear leg
  • RES 1: 135.74 High Apr 26
  • PRICE: 134.73 @ 05:12 BST May 2
  • SUP 1: 133.64/133.10 Low Apr 28 / 19 and the bear trigger
  • SUP 2: 132.70 76.4% retracement of the Mar 2 - 20 rally
  • SUP 3: 132.37 Low Mar 10
  • SUP 4: 132.00 Round number support

Bund futures recovered Friday, reinforcing a short-term bullish condition. A resumption of gains would signal scope for a climb towards 135.85, a Fibonacci retracement and the 136.00 handle. On the downside, key short-term support lies at the Apr 19 low of 133.10. This is the bear trigger and a break would instead reinstate the recent bearish theme for a move towards 132.70, a Fibonacci retracement.

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.