Free Trial

(U9) Another Day, Another High *RES 4:...>

BUND TECHS
BUND TECHS: (U9) Another Day, Another High
*RES 4: 172.40 Upper Bollinger band (3%)
*RES 3: 172.14 150% Fibo projection March 2018-Feb2019
*RES 2: 171.66 Channel resistance
*RES 1: 171.54 High June 6
*PRICE: 171.33 @ 03:20 GMT June 7
*SUP 1: 170.16 Channel support
*SUP 2: 170.09 Low May 30
*SUP 3: 168.70 50% fibo of May range
*SUP 4: 168.61 50-dma
Another day & another high for Bund futures yesterday. The high was in line with
channel top resistance which has risen to 171.66 today; bulls need to clear this
level to accelerate the move higher. Above here opens the 150% Fibo projection
from the continuation chart ahead of the 3% upper Boll. band at 172.40. Bears
need a break below the May 30 low & channel base support. This would allow them
to target the 50% retracement of the May range at 168.70, ahead of the 50-dma.
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.