Free Trial

(U2) Edging Lower

BUND TECHS
  • RES 4: 155.01 1.236 projection of the Jun 16 - 24 - 28 price swing
  • RES 3: 154.65 High May 27
  • RES 2: 154.00 Round number
  • RES 1: 153.80 High Jul 15
  • PRICE: 151.56 @ 09:38 BST Jul 19
  • SUP 1: 150.98/149.75 50-day EMA / Low Jul 11
  • SUP 2: 148.24 Low Jul 1
  • SUP 3: 146.50 Low Jun 30
  • SUP 4: 144.72 Low Jun 28 and a key support

Bund futures came under early pressure Tuesday, prompting prices to edge away from recent highs. Nonetheless, nearby support remains unchallenged and the contract remains in an uptrend, following the recent break of 152.92, Jul 6 high. This confirmed a resumption of the bull cycle. The break higher also maintains a bullish price sequence of higher highs and higher lows and attention is on the 154.00 handle next ahead of 154.65, the May 27 high. Key short-term support has been defined at 149.75, the July 11 low.

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.