Free Trial

(U2) Bullish Outlook

BUND TECHS
  • RES 4: 159.79 High Apr 4 (cont)
  • RES 3: 157.87 High Apr 7 (cont)
  • RES 2: 157.21 1.50 projection of the Jun 16 - 24 - 28 price swing
  • RES 1: 156.28 High Jul 26
  • PRICE: 155.36 @ 05:10 BST Jul 28
  • SUP 1: 153.78/152.27 Low Jul 25 / 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 maintain a bullish tone. Gains Tuesday confirmed a resumption of the uptrend. The break higher maintains the current bullish price sequence of higher highs and higher lows and price remains above the 20- and 50-day EMAs. The focus is on 157.21 next, a Fibonacci projection. Key trend support has been defined at 149.69, the Jul 21 low. A break of this level is required to signal a potential top.

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.