Free Trial
EUROZONE DATA

August Energy Shock Pushes PPI to 43.3% y/y

NATURAL GAS

ICIS TTF Day-Ahead Price at Three-Month Low

FOREX

FX OPTION EXPIRY

FOREX

FX OPTION EXPIRY

GERMAN AUCTION PREVIEW

0.10% Apr-33 ILB

EQUITIES

S&P Minis Bounce Off Yesterday's Low

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(U2) Bullish Outlook

BUND TECHS
  • RES 4: 157.21 1.50 projection of the Jun 16 - 24 - 28 price swing
  • RES 3: 156.23 1.382 projection of the Jun 16 - 24 - 28 price swing
  • RES 2: 155.87 High May 12
  • RES 1: 155.16/27 High Jul 22 / May 26
  • PRICE: 154.79 @ 04:58 BST Jul 26
  • SUP 1: 151.42 20-day EMA
  • SUP 2: 149.69 Low Jul 21 and key short-term support
  • SUP 3: 148.24 Low Jul 1
  • SUP 4: 144.72 Low Jun 28 and a key support

Bund futures remain in a clear uptrend and last Thursday’s rally confirmed a resumption of the trend. The contract is also trading at its recent highs. The break higher maintains the current bullish price sequence of higher highs and higher lows and price remains above both the 50- and 20-day EMAs. The focus is on 155.27, May 26 high. Key trend support has been defined at 149.69, the Jul 21 low. A break of this level would signal a potential top.

160 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • RES 4: 157.21 1.50 projection of the Jun 16 - 24 - 28 price swing
  • RES 3: 156.23 1.382 projection of the Jun 16 - 24 - 28 price swing
  • RES 2: 155.87 High May 12
  • RES 1: 155.16/27 High Jul 22 / May 26
  • PRICE: 154.79 @ 04:58 BST Jul 26
  • SUP 1: 151.42 20-day EMA
  • SUP 2: 149.69 Low Jul 21 and key short-term support
  • SUP 3: 148.24 Low Jul 1
  • SUP 4: 144.72 Low Jun 28 and a key support

Bund futures remain in a clear uptrend and last Thursday’s rally confirmed a resumption of the trend. The contract is also trading at its recent highs. The break higher maintains the current bullish price sequence of higher highs and higher lows and price remains above both the 50- and 20-day EMAs. The focus is on 155.27, May 26 high. Key trend support has been defined at 149.69, the Jul 21 low. A break of this level would signal a potential top.