Free Trial

(U18) Bullish Trend Resumes *RES 4:......>

BUND TECHS
BUND TECHS: (U18) Bullish Trend Resumes
*RES 4: 162.70 Low July 19 now resistance  
*RES 3: 162.41 High July 25 
*RES 2: 162.38 High August 6 
*RES 1: 162.27 21-DMA 
*PREVIOUS CLOSE: 162.25 
*SUP 1: 161.83 Low August 6 
*SUP 2: 161.45 Hourly Low August 3 
*SUP 3: 161.17 Hourly Low August 2 
*SUP 4: 160.86 Low August 1 
Bulls have regained the momentum following yesterday's gains, establishing a new
higher low in the trend. Bulls now need to close above the Jul 25 highs at
162.41 to target a run at the recent peak. On the downside, failure to close
above the 21-DMA would give bears some breathing room, while below 161.45 would
shift the outlook back to neutral. 

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.