Free Trial

###POV LT Broad Sideways Trading.........>

BUND TECHS
BUND TECHS: ###POV LT Broad Sideways Trading Persists
*RES 2: 166.40 - 2017 High Feb 24 2017
*RES 1: 162.99 - 100-WMA
*PRICE: 162.10 @ 0430GMT
*SUP 1: 160.00 - Monthly Low May 11
*SUP 2: 158.73 - 2017 Low Mar 14
*POV: A 158.73-166.40 range has defined so far in 2017 as the 200-WMA (157.06)
continues to rise. LT bears take comfort in consolidation below the 100-WMA with
the 158.73-160.00 support region key. LT bears need a close below 158.73 to hint
at a move back to 148.23 2015 lows with below the 200-WMA to confirm.
- 55 (162.56) & 100-WMAs are currently capping with LT bulls needing a close
above the 100-WMA to shift focus back to the 166.12-40 region where the falling
LT TL and 2017 highs are situated.
- LT bulls need a close above 2017 highs to regain the upper hand and above
168.86 2016 highs to reconfirm a LT bullish bias. Click for chart
https://tinyurl.com/y9huo7xo

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.