Free Trial

(U9) 172.91 still the key bull trigger...>

BUND TECHS
BUND TECHS: (U9) 172.91 still the key bull trigger
*RES 4: 173.75 Wave equality of May 3 - May 15 rally off Jun 11 low
*RES 3: 173.00 Round number resistance
*RES 2: 173.12 1.618 Fibonacci projection of 166.95-169.75 from 168.59
*RES 1: 172.91 U9 contract high Jun 26
*PRICE: 172.63 @ 03:01 GMT July 1
*SUP 1: 171.92 Low Jun 27 and key short-term support
*SUP 2: 171.51 Low Jun 18
*SUP 3: 171.42 Low Jun 17
*SUP 4: 170.84 Trendline support from Apr 17
U9 Bund continues to trade within its recently established range. The underlying
trend though remains bullish with the focus on the Jun 25 high of 172.91. A
clear move beyond 172.91 would confirm a resumption of the uptrend opening
173.00 & beyond. Bearish divergence between price and momentum has developed and
is being monitored closely. This will threaten the bull trend if 171.92 support
is breached. A break would exposes trendline support at 171.03.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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.