MNI: Japan Dai-ichi Life To Up 30-Year JGBs Above 2%

MNI BRIEF: Policy Move Eyed If Inflation Meets 2% - BOJ's Ueda

MNI: PBOC Conducts CNY2 Bln Via OMO Tues; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1059 Tues; -5.03% Y/Y

CHINA PBOC INJECTS CNY2 BILLION VIA 7-DAY REVERSE REPOS TUES

CHINA SETS YUAN CENTRAL PARITY AT 7.1059 TUES VS 7.1043

MNI: FRANCE APR FLASH MANUFACTURING PMI 44.9 (FCST 46.8); MAR 46.2

BoJ Data Watch

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(U2) Corrective Bull Cycle Extends

BUND TECHS
  • RES 4: 155.27 High May 26
  • RES 3: 154.65 High May 27
  • RES 2: 153.36 High May 31
  • RES 1: 152.28 76.4% retracement of the May 12 - Jun 16 bear leg
  • PRICE: 150.47 @ 05:10 BST Jul 4
  • SUP 1: 147.64/144.72 20-day EMA/ 28 and a key support
  • SUP 2: 142.56 Low Jun 17
  • SUP 3: 140.67 Low Jun 16 and bear trigger
  • SUP 4: 140.00 Psychological round number

Bund futures traded higher Friday and the climb marked an acceleration of the current uptrend. The contract has traded above resistance at 149.00 and this has established a bullish price sequence of higher highs and higher lows on the daily chart, reinforcing the current uptrend. The contract has also cleared the 50-day EMA. On the downside, key short-term support has been defined at 144.72, a break would highlight a bearish reversal.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.