Free Trial

(U17) 21-DMA Support Now Key *RES 4:.....>

BUND TECHS
BUND TECHS: (U17) 21-DMA Support Now Key
*RES 4: 165.93 Monthly High Apr 18
*RES 3: 165.69 High Aug 29
*RES 2: 165.31 High Aug 30
*RES 1: 164.92 Hourly resistance Sept 1
*PREVIOUS CLOSE: 164.77
*SUP 1: 164.52 Low Sept 1
*SUP 2: 164.36 Low Aug 25
*SUP 3: 164.33 21-DMA
*SUP 4: 164.00 Low Aug 18
*COMMENTARY: The lack of topside follow through Tuesday resulted in a sell-off
that broke the daily bull channel base and sees immediate pressure now on
164.33-52 where the 21-DMA is noted. Bears now look for a close below the 21-DMA
to add weight to the case for a test of 163.16-44 where 55 & 100-DMAs are
located. Bulls now need a close above 154.85 to gain breathing room and above
165.31 to return focus to 165.69-93.

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.