Free Trial

(U1) Consolidating

BUND TECHS
  • RES 4: 175.88 1.236 proj of the May 19 - Jun 11 - Jun 22 price swing
  • RES 3: 175.26 High Feb 18 (cont)
  • RES 2: 175.08 1.00 proj of the May 19 - Jun 11 - Jun 22 price swing
  • RES 1: 174.77/97 High Jul 8 / High Mar 3 (cont)
  • PRICE: 174.02 @ 05:11 BST Jul 13
  • SUP 1: 173.16 High Jun 11 and recent breakout level
  • SUP 2: 172.55 Low Jul 6 and the 50-day EMA
  • SUP 3: 171.67 Low Jun 22 and the near-term bear trigger
  • SUP 4: 171.37 Low Jun 3

Bund futures are unchanged and consolidating. The contract traded higher last week, extending the rally that started Jun 22. Price has recently cleared key resistance at 173.16, Jun 11 high. The break confirmed a resumption of the uptrend that started May 9 and established a bullish price sequence of higher highs and higher lows. Attention is on 174.97 next, Mar 3 high (cont) and 175.08, a Fibonacci projection. Initial support is at 173.16.

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.