Free Trial

(M9) Tuesday's Low Remain In Focus.......>

BUND TECHS
BUND TECHS: (M9) Tuesday's Low Remain In Focus
*RES 4: 167.21 138.2% projection from 165.84-166.83 (continuation chart)
*RES 3: 166.83 High Feb 8 (continuation chart)
*RES 2: 166.28 High Mar 7 (continuation chart)
*RES 1: 164.74 High Mar 8,12
*PRICE: 164.25 @ 05:30 GMT Mar 15
*SUP 1: 163.92 Low Mar 12
*SUP 2: 163.43 Low Mar 7
*SUP 3: 163.06/163.05 Low Mar 5/50-dma
*SUP 4: 162.42 Low Mar 1
Thursday's session provided few fresh technical signals in either direction as
prices large fluctuated on and around the Wednesday close. Bears continue to
look to take out the March 12 low at 163.92 to shift the focus to the downside.
Below here would open the March 7 low at 163.43 as the next downside target.
Bulls need to take out 164.74 to reignite upside momentum and put the focus back
on the Feb highs on the continuation chart.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.