Free Trial

(U17) Fresh Fall After Unable To.........>

BUND TECHS
BUND TECHS: (U17) Fresh Fall After Unable To Sustain 162.43 Break
*RES 4: 162.50 Jul 27 high
*RES 3: 162.38 Intraday high
*RES 2: 162.03/15 Hourly base Jul 27, initial intraday low
*RES 1: 161.75/85 Hourly resistance
*PRICE: 161.46 @1050GMT                                   
*SUP 1: 161.21/24 61.8% Fibo of 160.31-162.67, Jul 18 low
*SUP 2: 161.06 Jul 14 low
*SUP 3: 160.98 1.618 swing of 161.56-162.50
*SUP 4: 160.87 76.4% Fibo of 160.31-162.67
*COMMENTARY* Unable to sustain the break above 162.43 resistance and has been
made to pay today. Now threatening to break below 161.39 hourly support, which
would leave next support at 161.21-24 vulnerable to a test. In the interim,
resistance comes from 161.75-85 but back above 162.03-162.15 is currently needed
to make any impact. Below 162.21 and next objectives become the swing target at
160.98, Fibo support at 160.87 and the 1.618 projection target at 160.70.

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.