Free Trial

(U9) Daily Bollinger Band Top Begins.....>

BUND TECHS
BUND TECHS: (U9) Daily Bollinger Band Top Begins To Widen
*RES 4: 174.17 Channel top projected from Apr 17 low
*RES 3: 173.08 Upper Bollinger band (3%)
*RES 2: 172.14 150% Fibo projection March 2018-Feb2019
*RES 1: 171.80 U9 contract high
*PRICE: 171.51 @ 03:53 GMT June 13
*SUP 1: 170.44 5-dma
*SUP 2: 170.09/36 Low May 30, 21-dma
*SUP 3: 169.85 Channel base from April 17 low
*SUP 4: 168.92 38.2% of 164.27-171.80
U9 Bund is hovering around the 5-dma following recent correction lower from
171.80 contract high. The m-t bias remain skewed to the upside as the daily
Bollinger band top begins to widen with the 3% level coming in at 173.08.
Initial support is now seen at 170.42 ahead of 21-dma at 170.25 and more
crucially above 2-month channel base at 169.85.

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.