Free Trial

(U18) Pressure Remains On Key 163.03.....>

BUND TECHS: (U18) Pressure Remains On Key 163.03 Resistance
*RES 4: 164.19 2018 High May 29
*RES 3: 163.67 Bollinger band top
*RES 2: 163.03 High May 30
*RES 1: 162.93 High July 6
*SUP 1: 162.68 Hourly support July 6
*SUP 2: 162.45 Hourly support July 5
*SUP 3: 162.06 Low July 5
*SUP 4: 161.75 Low June 26
*COMMENTARY: Bears failed to capitalise on the break below 162.22 last week.
Focus remains on the break of 163.03 needed to add support to the bullish case
for a test of 164.19-42. The 161.26 support remains key this week. Bears
continue to look for a close below the 21-DMA gain breathing room and below
161.26 to shift initial focus back to 159.37-160.22 where the 55-DMA (160.20) is
situated. Correcting O/B studies remain a concern for bulls and currently weigh.

To read the full story



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.