Free Trial

(U18) The Week's 162.57 High Gets........>

BUND TECHS
BUND TECHS: (U18) The Week's 162.57 High Gets Another Challenge
*RES 4: 163.46 1% volatility band
*RES 3: 163.03/05 May 30 high, 76.4% Fibo of 164.19-159.37
*RES 2: 162.88 1.618 swing of 162.55-162.01
*RES 1: 162.55/57 Jun 27, Jun 25 highs
*PRICE: 162.44 @0710GMT
*SUP 1: 161.95/01 Hourly support
*SUP 2: 161.75 Jun 26 low
*SUP 3: 161.52 Jun 15 high, now support
*SUP 4: 161.26 Jun 21 low
*COMMENTARY* This week's pullback has given 161.80 support a test, a low of
161.75 posted on Tuesday, before rallying once again. Still having problems with
the 162.55-162.57 area for now, will need to conquer this region before the
chance of extending gains into the swing target at 162.88 next or more likely
the higher 163.03-163.05 area. Support for the time being remains from
162.01-161.95 ahead of that still important 161.80-161.75.

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.