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(U0) Bearish Theme Intact

BUND TECHS
  • Bund futures are softer this morning and maintain a bearish tone.
  • Friday saw the contract trade below former key support at 175.25, Aug 14 low to print 175.06, before finding some support.
  • The break confirms a resumption of the downtrend that has been in place since early August.
  • The focus is on weakness below 175.00 towards 174.65, a Fibonacci retracement.
  • Resistance is at Thursday's high of 176.58.
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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