MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

CHINA PBOC CONDUCTS CNY66.1 BILLION VIA 7-DAY REVERSE REPOS WEDS

CHINA SETS YUAN CENTRAL PARITY AT 7.1358 WEDS VS 7.1334

MNI BRIEF: China Wants U.S. Firms To Deepen Investment

MNI China Daily Summary: Tuesday, July 23

Market round-up post PMIs

PMIs indicate solid growth; less cost pressures from wage increases

MNI: UK JUL FLASH MANUFACTURING PMI 51.8 (FCST 51.0); JUN 50.9

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(M4) Support Holding For Now

BUND TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 133.05 High Apr 12
  • RES 3: 132.89 38.2% retracement of the Dec 27 - Apr 25 bear cycle
  • RES 2: 132.55 High Apr 15
  • RES 1: 131.54/132.11 50-day EMA / High Apr 16 and the bull trigger
  • PRICE: 130.49 @ 05:30 BST May 23
  • SUP 1: 130.30 Low May 22
  • SUP 2: 130.24 Low May 14 and a key short-term support
  • SUP 3: 129.83 Low Apr 30
  • SUP 4: 129.53 Low Apr 25 and a bear trigger

Bund futures continue to trade below the May 16 high. The rally on May 15 resulted in a print above the 50-day EMA and was followed by a breach of a key resistance at 131.86, the May 7 high. In order to strengthen a bullish condition, the contract needs to trade above 132.11, the May 16 high. For bears, a breach of support at 130.24, the May 14 low, would instead be a bearish development and expose key support at 129.53, the Apr 25 low.

161 words

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.
  • RES 4: 133.05 High Apr 12
  • RES 3: 132.89 38.2% retracement of the Dec 27 - Apr 25 bear cycle
  • RES 2: 132.55 High Apr 15
  • RES 1: 131.54/132.11 50-day EMA / High Apr 16 and the bull trigger
  • PRICE: 130.49 @ 05:30 BST May 23
  • SUP 1: 130.30 Low May 22
  • SUP 2: 130.24 Low May 14 and a key short-term support
  • SUP 3: 129.83 Low Apr 30
  • SUP 4: 129.53 Low Apr 25 and a bear trigger

Bund futures continue to trade below the May 16 high. The rally on May 15 resulted in a print above the 50-day EMA and was followed by a breach of a key resistance at 131.86, the May 7 high. In order to strengthen a bullish condition, the contract needs to trade above 132.11, the May 16 high. For bears, a breach of support at 130.24, the May 14 low, would instead be a bearish development and expose key support at 129.53, the Apr 25 low.