Free Trial

(U2) Bear Cycle Intact

BUND TECHS
  • RES 4: 151.23 20-day EMA
  • RES 3: 150.97 Low May 9
  • RES 2: 149.92 High Jun 7
  • RES 1: 147.19/148.51 High Jun 13 / High Jun 10
  • PRICE: 144.79 @ 05:02 BST Jun 14
  • SUP 1: 144.19 Low Jun 13
  • SUP 2: 144.00 Round number support
  • SUP 3: 143.17 2.236 proj of the Apr 28 - May 9 - 12 price swing
  • SUP 4: 142.34 2.382 proj of the Apr 28 - May 9 - 12 price swing

Bund futures remain in a clear downtrend. A bearish theme and strong downward price pressure continue to deliver fresh lows. Price has recently cleared support at 150.97, May 9 low, and the 150.00 handle. This marked a resumption of the primary downtrend and maintains a bearish price sequence of lower lows and lower highs. The focus is on 143.17 next, a Fibonacci projection. Firm resistance is at 150.65, the 20-day EMA.

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.