Free Trial

(U2) Trend Direction Remains Up

BUND TECHS
  • RES 4: 161.38 2.00 projection of the Jun 16 - 24 - 28 price swing
  • RES 3: 160.00 Round number resistance
  • RES 2: 159.79 High Apr 4 (cont)
  • RES 1: 158.33/159.70 High Aug 3 / 2 and the bull trigger
  • PRICE: 156.44 @ 05:08 BST Aug 11
  • SUP 1: 155.72/155.32 Low Aug 5 / 20-day EMA
  • SUP 2: 153.50 50-day EMA
  • SUP 3: 149.69 Low Jul 21 and key short-term support
  • SUP 4: 148.24 Low Jul 1

Bund futures are unchanged. The S/T trend direction is up and the latest pullback is considered corrective. A fresh high last week reinforced the bull theme and confirmed a resumption of the uptrend. Moving average studies are in a bull mode condition. The focus is on 159.79 next, Apr 4 high (cont). Key trend support has been defined at 149.69, Jul 21 low. A break is required to signal a potential top. Initial firm support is 155.16, the 20-day EMA.

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.