Free Trial

(U17) Below 163.51 To Target DMAs *RES...>

BUND TECHS
BUND TECHS: (U17) Below 163.51 To Target DMAs
*RES 4: 165.44 High June 26
*RES 3: 164.79 Low June 21 now resistance
*RES 2: 164.64 High Aug 10
*RES 1: 164.25 Hourly resistance Aug 14
*PREVIOUS CLOSE: 164.06
*SUP 1: 163.86 Low Aug 14
*SUP 2: 163.64 Low Aug 10
*SUP 3: 163.51 High Aug 4 now support
*SUP 4: 163.19 55-DMA
*COMMENTARY: The correction lower Tuesday is a concern for bulls given daily
studies looking to correct from O/B beginning to weigh. The 163.51-64 support
region remains key with bears needing a close below 163.51 to hint at a deeper
correction and below the 55-DMA to shift immediate focus to 162.50-70 where the
21-DMA is noted. Bulls now need a close above 164.25 to gain breathing room and
above 164.79 to confirm focus on 165.44-55 where June highs are situated.

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.