Free Trial

(U3) New Week, New High

BUND TECHS
  • RES 4: 135.00 High Jun 27 and key resistance
  • RES 3: 134.14 High Jul 3
  • RES 2: 133.68 High Jul 5
  • RES 1: 133.47 High Jul 17
  • PRICE: 133.06 @ 15:59 BST Jul 17
  • SUP 1: 131.92/130.60 Low Jul 13 / Low Jul 10
  • SUP 2: 130.46 1.236 projection of the Jun 1 - 16 - 27 price swing
  • SUP 3: 129.93 1.382 projection of the Jun 1 - 16 - 27 price swing
  • SUP 4: 129.49 1.50 projection of the Jun 1 - 16 - 27 price swing

Bund futures resumed their upward bias Monday, tilting to touch 133.47. Moves follow the break of resistance initially at the 20-day EMA, which intersects at 132.72. This strengthens the short-term bull cycle and a continuation higher would open 133.68, the Jul 5 high. For bears, a reversal lower would refocus attention on key support at 130.60, the Jul 10 low. Note that the medium-term trend direction remains down.

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.