Free Trial

(U3) Remains Above Tuesday’s Low

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: 134.95 High Jun 6
  • PRICE: 134.63 @ 05:21 BST Jun 7
  • SUP 1: 133.82 Low Jun 6
  • SUP 2: 133.45 Low May 30
  • SUP 3: 133.00 76.4%retracement of the May 26 - Jun 1 rally
  • SUP 4: 132.12 Low May 26 and key support

Bund futures have recovered from Tuesday’s low. The initial recovery yesterday did appear to be an early indication that the recent pullback was over and that a S/T bullish theme had returned. However, price needs to break yesterday’s 134.95 high to signal scope for a climb to key short-term resistance at 135.85, the Jun 1 high. Clearance of this level would be bullish. A breach of yesterday’s 133.82 low would instead be a bearish development.

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.