Free Trial

(U9) Holds above trendline support.......>

BUND TECHS
BUND TECHS: (U9) Holds above trendline support
*RES 4: 178.55 2.618 projection of Mar 4-Mar 28 rally off Apr 17 low
*RES 3: 178.00 Psychological level
*RES 2: 177.74 Contract high Aug 7 and bull trigger
*RES 1: 177.68 High Aug 12
*PRICE: 177.55 @ 02:52 GMT Aug 13
*SUP 1: 176.73 Trendline support drawn off the Jul 12 low
*SUP 2: 176.38 Low Aug 8
*SUP 3: 175.93 Low Aug 5
*SUP 4: 174.92 High Jul 25
U9 Bund broader uptrend remains intact. Yesterday's gains have effectively
negated the bearish threat highlighted by Friday's sell-off. Furthermore, price
action has held above trendline support, today at 176.73. The trendline is drawn
off the Jul 12 low and also represents an important support. The daily condition
is overbought, however until a bearish condition is confirmed, this does not
represent a significant threat to bulls. The key upside trigger is 177.74.

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.