Free Trial

(U18) 161.26 Support Key This Week.......>

BUND TECHS
BUND TECHS: (U18) 161.26 Support Key This Week
*RES 4: 163.03 High May 30
*RES 3: 162.93 High July 6
*RES 2: 162.73 High July 9
*RES 1: 162.57 High July 10
*PREVIOUS CLOSE: 162.40
*SUP 1: 162.06 Low July 5
*SUP 2: 161.92 21-DMA
*SUP 3: 161.75 Low June 26
*SUP 4: 161.31 Rising daily TL off May 17 low
*COMMENTARY: Topside hesitation ahead of 163.03 continues which is less than
ideal for bulls with daily studies correcting from O/B seen weighing. Bulls
still need a close above 163.03 to add support to the bullish case for a test of
164.19-42. The 161.26 support remains key this week. Bears now look for a close
below 161.75 gain breathing room and below 161.26 to shift initial focus back to
159.37-160.37 where the 55-DMA (160.37) is 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.