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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.
BUND TECHS
- RES 4: 135.44 High Feb 2
- RES 3: 134.78 50.0% retracement of the Dec 27 - Feb 29 bear cycle
- RES 2: 134.48 High Feb 5
- RES 1: 134.18 High Feb 7
- PRICE: 133.76 @ 14:08 GMT Mar 7
- SUP 1: 132.08 Low Mar 4
- SUP 2: 131.23 Low Feb 29 and the bear trigger
- SUP 3: 131.00 Round number support
- SUP 4: 129.88 Bear channel base drawn from the Dec 27 high
Bund futures have traded higher and in the process confirmed a clear break of resistance at the 50-day EMA - at 133.27. The clear break signals scope for an extension and opens 134.18 next the Feb 15 high. Note that the break higher has also resulted in a bear channel breakout - drawn from the Dec 27 high. Clearance of 134.18 would open 134.78, a Fibonacci retracement. On the downside, the bear trigger lies at 131.23 the Feb 29 low.
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.
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