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(M9) Thursday's High Remains Intact......>
BUND TECHS: (M9) Thursday's High Remains Intact
*RES 4: 133.700 Inverse head and shoulders target
*RES 3: 133.410 High May 29, 2018 (continuation chart)
*RES 2: 133.390 High May 9
*RES 1: 133.380 High May 13
*PRICE: 133.290 @ 04:48 GMT May 14
*SUP 1: 133.210 Low May 10
*SUP 2: 132.930/994 Low May 7/21-dma
*SUP 3: 132.760/755 Low Apr 30/55-dma
*SUP 4: 132.641 Low Apr 17
Bobl futures failed to take out last Thursday's high yesterday despite the
support provided by risk off flows. The near term focus now shifts to Friday's
low at 133.210 with a break needed to open the May 7/21-dma at 132.930/994.
Below here would open the April 30 low/55-dma at 132.760/755. Bulls look to take
out yesterday's high at 133.380 to return the focus to Thursday's high at
133.390. Above here would open the May 29, 2018 high on the continuation chart.
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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.