Free Trial

(U3) Recovery Extends

BUND TECHS
  • RES 4: 136.97 High Apr 6
  • RES 3: 136.50 High May 11
  • RES 2: 135.85 High Jun 1 and key short-term resistance
  • RES 1: 134.77/95 / High Jun 12 / 6
  • PRICE: 134.52 @ 05:12 BST Jun 13
  • SUP 1: 133.51 Low Jun 9
  • SUP 2: 133.00/132.97 76.4% of the May 26 - Jun 1 rally / Low Jun 8
  • SUP 3: 132.33 Low May 29
  • SUP 4: 132.12 Low May 26 and key support

Bund futures maintain a softer tone following last week’s move lower. However, for now the latest recovery remains intact and the contract is trading closer to its recent highs. Price has breached resistance at 134.67, the Jun 7 high and attention is on 134.95, the Jun 6 high. A break would expose key short-term resistance at 135.85, the Jun 1 high. On the downside, a reversal lower open 132.12, May 26 low and bear trigger.

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.