Free Trial

(M4) Bear Threat Remains Present

BUND TECHS
  • RES 4: 134.48 High Feb 5
  • RES 3: 134.15 High Mar 8 and the bull trigger
  • RES 2: 133.48/69 High Mar 27 / 12
  • RES 1: 132.80 50-day EMA
  • PRICE: 131.66 @ 05:17 BST Apr 11
  • SUP 1: 131.53 Low Apr 10
  • SUP 2: 131.23 Low Feb 29 and the bear trigger
  • SUP 3: 130.60 1.50 proj of the Dec 27 - Feb 29 - Mar 8 price swing
  • SUP 4: 130.00 Round number support

A bear threat in Bund futures remains present. Yesterday’s resumption of weakness strengthens a bearish theme and attention is on key support at 131.23, the Feb 29 low. Clearance of this level would confirm a resumption of the downtrend that started late last year and open 130.60, a Fibonacci projection. On the upside, a break of 133.48, Mar 27 high, is needed to reinstate a bullish theme. Initial resistance is 132.80, 50-day EMA.

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.