MNI BRIEF: Canada Commits To Just One Of Three Fiscal Anchors

MNI BRIEF: German Insolvency Rate Slows, 2025 Pickup Expected

MNI BRIEF: Brazil Not Even Close To Fiscal Dominance - David

CORRECTED-MNI BRIEF: Brazil Inflation Rises To 4.87% In Nov

MNI China Daily Summary: Tuesday, December 10

MNI: US REDBOOK: DEC STORE SALES +4.2% V YR AGO MO

US Q3 REV NONFARM PRODUCTIVITY +2.2%; Y/Y +2.0%

US NFIB NOV SMALL BUSINESS INDEX 101.7

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(U2) Pulls Away From Last Week’s Highs

BUND TECHS
  • RES 4: 152.28 76.4% retracement of the May 12 - Jun 16 bear leg
  • RES 3: 150.82 50-day EMA
  • RES 2: 150.06 61.8% retracement of the May 12 - Jun 16 bear leg
  • RES 1: 147.82/49.00 High Jun 27/24
  • PRICE: 145.52 @ 05:05 BST Jun 29
  • SUP 1: 144.72 Low Jun 28
  • SUP 2: 142.56/140.67 Low Jun 17 / Low Jun 16 and bear trigger
  • SUP 3: 140.00 Psychological round number
  • SUP 4: 138.68 Low Jan 2 2014 (cont)

Bund futures have continued to pull away from recent highs. From a short-term perspective, a bullish corrective cycle is potentially still in play. Gains last week resulted in a breach of the 20-day EMA and a resumption of strength would signal scope for a climb towards 150.06, a Fibonacci retracement. On the downside, initial firm support to watch is 142.56, Jun 17 low. The bear trigger is 140.67.

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.