Free Trial

(M9) Pullback Remains Corrective For.....>

BUND TECHS
BUND TECHS: (M9) Pullback Remains Corrective For Now
*RES 4: 166.83 High Feb 8 (cont) 
*RES 3: 166.48 High Feb 27 (cont) 
*RES 2: 166.32 Trend channel top 
*RES 1: 165.96 High March 25 
*PRICE: 165.59 @ 04:59 GMT Mar 26
*SUP 1: 164.62 Low Mar 22 
*SUP 2: 164.05 21-dma 
*SUP 3: 163.63 Low Mar 19 
*SUP 4: 163.54 50-dma 
Bund futures have pulled back from yesterday's high but weakness remains
corrective for now keeping the broader bullish trend intact. Bulls now target
yesterday's high at 165.96 ahead of channel top resistance which comes in at
166.32. A break above here would bring the Feb 27 high at 166.48 into focus on
the continuation chart. To stabilise the outlook bears need to take out Friday's
low at 164.62. Below here would allow a run a the 21-dma.

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.