Free Trial

(M4) Trading Closer To Its Recent Highs

BUND TECHS
  • RES 4: 134.78 50.0% retracement of the Dec 27 - Feb 29 bear cycle
  • RES 3: 134.48 High Feb 5
  • RES 2: 134.15 High Mar 8 and the bull trigger
  • RES 1: 133.28/69 High Mar 25 / 12
  • PRICE: 132.67 @ 05:08 GMT Mar 26
  • SUP 1: 132.28/131.54 Low Mar 22 / 18
  • 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 are trading closer to their recent highs and a short-term bull cycle remains in play. Price has pierced the 50-day EMA - at 132.96. A clear break of this EMA would be a bullish development and a continuation higher would open the key resistance at 134.15, the Mar 8 high. On the downside, key support has been defined at 131.23, the Feb 29 low. Clearance of this level would resume the downtrend that started last December.

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.