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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.
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Free AccessMNI POLITICAL RISK ANALYSIS - Week Ahead 2-8 December
MNI POLITICAL RISK - Trump Targets BRICS w/New Tariff Threat
(U1) Further Higher Highs
- RES 4: 178.32 High Jan 27 (cont)
- RES 3: 177.69 1.764 proj of the May 19 - Jun 11 - Jun 22 price swing
- RES 2: 177.19 1.618 proj of the May 19 - Jun 11 - Jun 22 price swing
- RES 1: 177.12 High Aug 03
- PRICE: 176.99 @ 16:20 BST Aug 03
- SUP 1: 175.82/24 Low Jul 27 / Low Jul 22
- SUP 2: 174.77/45 High Jul 8 / Low Jul 15
- SUP 3: 173.79 50-day EMA
- SUP 4: 173.70 Low Jul 13 and 14
Bund futures rallied further Tuesday, extending the current winning streak to touch the best levels since early February. The current bullish sequence of higher highs and higher lows remains intact and this signals scope for a climb towards 177.19 next, a Fibonacci extension. Moving average conditions remain in bull mode, reinforcing the current positive trend structure. On the downside, initial firm support is seen at 175.24, Jul 22 low.
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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.