Free Trial

(U17) 161.56 Support Remains Key *RES....>

BUND TECHS
BUND TECHS: (U17) 161.56 Support Remains Key
*RES 4: 162.97 Daily Bull channel top
*RES 3: 162.67 High July 24
*RES 2: 162.50 High July 27
*RES 1: 162.33 Hourly resistance July 27
*PREVIOUS CLOSE: 162.14
*SUP 1: 161.93 Hourly resistance July 26 now support
*SUP 2: 161.59 21-DMA
*SUP 3: 161.56 Low July 25
*SUP 4: 161.02 Low July 13
*COMMENTARY: The 161.56 support remains key with bears unable to break lower
following the bearish close Tuesday and the recovery buying bulls breathing
space. Bulls continue to look for a close above 162.67 to shift immediate focus
to 162.97-163.31 and overall focus back to 164.04-13. The Bollinger top (162.64)
is the key concern for bulls with potential to limit follow through. Bears still
need a close below 161.56 to shift focus back to July lows so far at 160.31.

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.