Free Trial

(U17) Reaches Toward Fibo Resistance.....>

BUND TECHS
BUND TECHS: (U17) Reaches Toward Fibo Resistance At 164.31
*RES 4: 164.98 Equality rise from 162.84 to 161.37-163.51
*RES 3: 164.69 1% volatility band
*RES 2: 164.60 10 day bull channel top projection
*RES 1: 164.31 76.4% Fibo of 165.55-160.31
*PRICE: 164.13 @1633GMT                                   
*SUP 1: 163.64 Intraday low
*SUP 2: 163.51 Aug 4 high, now support
*SUP 3: 163.17/25 Opening gap Aug 8-Aug 9
*SUP 4: 162.84 Aug 7 low
*COMMENTARY* A fresh upside surge, leaving both the previous 163.51 high and the
equality rise target at 163.73, in it's wake. With the subsequent move through
the swing target at 163.92 and then minor resistance from the Jun 28 high at
164.04, now looking towards a return to the 76.4% Fibo retrace level at 164.31.
As a consequence, nearest support rises to the day's 163.64 low, ahead of the
Aug 4 high at 163.51. These should hold any setback now.

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.