Free Trial

(U17) Bulls Now Need Close Above.........>

BUND TECHS
BUND TECHS: (U17) Bulls Now Need Close Above Falling TL
*RES 4: 165.44 High June 26
*RES 3: 164.89 Falling daily TL
*RES 2: 164.79 Low June 21 now resistance
*RES 1: 164.64 High Aug 10
*PREVIOUS CLOSE: 164.52
*SUP 1: 164.32 Hourly support Aug 21
*SUP 2: 164.00 Hourly support Aug 18
*SUP 3: 163.97 Daily Bull channel base
*SUP 4: 163.69 Hourly support Aug 16
*COMMENTARY: The 164.00 support provided the base for Monday's rally with the
close above 164.21 seeing immediate focus back to 164.64-89 where the falling
daily TL is noted. Bull now look for a close above the falling daily TL to
confirm focus on tests of 165.44-55 where June highs are situated. Layers of
support remain with bears needing a close below 163.69 to ease immediate bullish
pressure and below the 55-DMA (163.17) to target 162.50-63.

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.