Free Trial

(U18) Recovery Still Intact *RES 4:......>

BUND TECHS
BUND TECHS: (U18) Recovery Still Intact
*RES 4: 162.70 Low July 19 now resistance 
*RES 3: 162.41 High July 25 
*RES 2: 162.39 High August 7
*RES 1: 162.24 21-DMA 
*PREVIOUS CLOSE: 162.02 
*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 
Yesterday's selloff appeared corrective and prices remain above Monday's close
suggesting that the recovery from the August 1 lows remains intact. Bulls need
to regain yesterday's highs of 162.39 in order to target 162.70 and move the
contract back into a higher trading range. Bears need to close below 161.83 in
the first instance to shift the focus neutral, and move below 161.17 to reignite
the bearish trend. 

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.