Trial now
SOY TECHS

(N1) Bulls Still In Charge

BOE

Press Conference Begins

COPPER TECHS

(N1) Still Heading North

(U0) Falls Through Last Week’s Low

BUND TECHS
  • RES 4: 179.56 High Mar 6 (cont)
  • RES 3: 179.22 1.000 proj of Jun 5 - Jun 29 rally from Jul 2 low
  • RES 2: 178.23 0.764 proj of Jun 5 - Jun 29 rally from Jul 2 low
  • RES 1: 178.00 / 01 Round number resistance / High Jul 31
  • PRICE: 176.75 @ 02:33 BST Aug 12
  • SUP 1: 176.56 Low Aug 11
  • SUP 2: 175.95 Low Jul 24 and key near-term support
  • SUP 3: 175.77/54 Low Jul 20 / Low Jul 9
  • SUP 4: 175.04 Low Jul 2

Countering the recovery in US hours Monday, Bund futures returned lower Tuesday, edging below last week's lows and marking down the outlook. For now, however, key directional parameters are intact, with markets needing to close above 178.00/01 to re-accelerate any rally. The ultimate target holds at 179.56, Mar 6 high. Support is at 175.95.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com