Free Trial

(U18) Bears Need Close Below 162.22......>

BUND TECHS
BUND TECHS: (U18) Bears Need Close Below 162.22
*RES 4: 164.19 2018 High May 29
*RES 3: 163.52 Bollinger band top
*RES 2: 163.03 High May 30
*RES 1: 162.81 High July 3
*PREVIOUS CLOSE: 162.44
*SUP 1: 162.22 Low July 3
*SUP 2: 161.75 Low June 26
*SUP 3: 161.41 21-DMA
*SUP 4: 161.26 Low June 21
*COMMENTARY: Failures ahead of the 163.03 resistance remain a concern for bulls
when combined with daily momentum divergence, O/B studies looking to correct and
the Bollinger top lurking above. In saying that, bears still need a close below
162.22 to gain breathing room and below 161.26 to shift initial focus back to
159.37-160.22 where the 55-DMA (160.04) is situated. Bulls look for a close
above 163.03 to add support to the case for a test of 164.19-42.

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.