Free Trial

(Z0) Attention Is On Recent Highs

  • RES 4: 176.83 High Nov 4 and key resistance
  • RES 3: 176.46 High Nov 9
  • RES 2: 176.08 76.4% retracement of the Nov 4 - 11 sell-off
  • RES 1: 175.73 High Nov 20
  • PRICE: 175.58 @ 04:58 GMT Nov 27
  • SUP 1: 174.96 Low Nov 25
  • SUP 2: 174.45 Low Nov 16 and key near-term support
  • SUP 3: 173.66 Low Nov 11 and the bear trigger
  • SUP 4: 173.33 76.4% retracement of the Aug 28 - Nov 4 rally

Bund futures continue to trade below recent highs and a key short-term resistance has been defined at 175.73, the Nov 20 high. A break of this level is required to confirm an extension of recent gains and open 176.46, Nov 9 high. Recent gains stalled just above the 61.8% retracement of the Nov 4 - 11 sell-off and this is seen as a potential bearish development. Key near-term support lies at 174.45, Nov 16 low. A break would reinstate a bearish focus.

To read the full story



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.