Free Trial

(U18) Clean Break Below 55-DMA *RES.....>

BUND TECHS
BUND TECHS: (U18) Clean Break Below 55-DMA 
*RES 4: 162.30 High July 30 
*RES 3: 162.05 High July 31 
*RES 2: 161.53 55-DMA 
*RES 1: 161.45 High August 1 
*PREVIOUS CLOSE: 161.03 
*SUP 1: 160.86 Low August 1 
*SUP 2: 160.75 Low June 15 
*SUP 3: 160.14 100-DMA 
*SUP 4: 159.45 Low June 14 
After yesterday's clean break below the 55-DMA, the bearish trend has been
further reinforced and should yesterday's lows give way, the 100-DMA and the
mid-June lows will come into focus. Bulls need to regain 162.05 to arrest the
selling pressure.

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.