Free Trial

(U18) 162.70 Resistance Key *RES 4:......>

BUND TECHS
BUND TECHS: (U18) 162.70 Resistance Key
*RES 4: 162.70 Low July 19 now resistance
*RES 3: 162.60 21-DMA
*RES 2: 162.47 High July 25
*RES 1: 162.21 Hourly support July 25 now resistance
*PREVIOUS CLOSE: 162.02
*SUP 1: 161.75 Low July 11
*SUP 2: 161.26 Low June 21
*SUP 3: 161.21 55-DMA
*SUP 4: 160.22 High June 13 now support
*COMMENTARY: The 161.75 support confirmed significance with a bounce from ahead
of this level Tuesday. Bears continue to look for a close below 161.75 to shift
initial focus back to 161.21-26 where the 55-DMA is noted. Below the 55-DMA is
needed to target 159.37-160.22 with the 100-DMA at 159.88 The 162.70 resistance
remains key. Bulls still need a close above 162.70 to regain the upper hand and
shift focus back to 163.39-164.19.

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.