Free Trial

(M9) Bulls Hold Above 166 *RES 4:.......>

BUND TECHS
BUND TECHS: (M9) Bulls Hold Above 166 
*RES 4: 168.60 Channel top resistance 
*RES 3: 167.50 Inverse head and shoulders target 
*RES 2: 166.75 High March 28 
*RES 1: 166.54 High May 9 
*PRICE: 166.27 @ 04:18 GMT May 13 
*SUP 1: 165.94/92 Low May 10,8 
*SUP 2: 164.82/94 Low May 3/55-dma 
*SUP 3: 164.06 Low Apr 17 
*SUP 4: 163.63 Low Mar 19 
Bund futures continue to trade above resistance turned support at 166 despite a
brief intraday break on Friday. The near term focus remains on Thursday's high
at 166.54, a break would open the March 28 high at 166.75, while the inverse
head and shoulders target sits at 167.50. On the downside a close back below 166
would shift the focus back to the 55-dma/May 3 low at 164.94/82.

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.