Trial now
USDCAD TECHS

Pullback Considered Corrective

AUDUSD TECHS

Holding Above Recent Lows

US EURODLR OPTIONS

BLOCK, Large 3Y Midcurve Put Condor

(U0) Maintains A Firmer Posture

BUND TECHS
  • RES 4: 178.01 High Jul 31, Aug 4 and key resistance
  • RES 3: 177.67 High Aug 7
  • RES 2: 177.36 76.4% retracement of the Aug 4 - 14 sell-off
  • RES 1: 177.18 High Aug 20
  • PRICE: 176.83 @ 04:45 BST Aug 21
  • SUP 1: 176.39 Low Aug 19
  • SUP 2: 176.03 Low Aug 18
  • SUP 3: 175.25 Low Aug 14 and the bear trigger
  • SUP 4: 175.04 Low Jul 2

Bund futures pushed higher again yesterday, this time trading above the 61.8% retracement of the Aug 4 - 14 sell-off, at 176.96. With futures holding onto gains, the risk is for a climb towards 177.36, the 76.4% retracement. Clearance of this level would open 178.01, late July and early Aug high. Initial support is at 176.39, Aug 19 low. A strong sell-off would instead reopen 175.25, the Aug 14 key support.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com