Free Trial

(U0) Needle Still Points North *RES 4:...>

BUND TECHS
BUND TECHS: (U0) Needle Still Points North
*RES 4: 177.77 High Apr 30 and May 5 and key resistance
*RES 3: 177.52 High May 15
*RES 2: 177.35 High May 18
*RES 1: 176.86 High Jun 29
*PRICE: 176.66 @ 04:55 BST Jun 30
*SUP 1: 176.09 Low Jun 25
*SUP 2: 175.52 50-day EMA
*SUP 3: 175.20 Low Jun 24 and key near-term support
*SUP 4: 174.80 Low Jun 17
Bund futures traded higher again yesterday and maintains a bullish tone. Price
has cleared 176.54, 76.4% of the May - Jun sell-off. Attention is on 177.35
next, May 18 high with potential too for a climb towards 177.77, the Apr 30 and
May 5 high. Momentum studies are pointing north reinforcing current trend
conditions. On the downside, key support has been defined at 175.20, Jun 24 low.

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.