Free Trial

(M3) Remains Above Recent Lows

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 25
  • PRICE: 134.75 @ 05:15 BST Apr 27
  • SUP 1: 134.41/133.10 High Apr 21 / Low Apr 19
  • 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 traded sharply higher on Tuesday extending recent gains and moved above resistance at the 20-day EMA - at 134.84. A continuation higher would signal scope for gains to 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 reinstate the recent bearish theme.

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.