Free Trial

(Z0) Still Eyeing Resistance

BUND TECHS
  • RES 4: 175.23 1.000 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 3: 175.08 High Aug 4 and the bull trigger
  • RES 2: 174.93 High Aug 6
  • RES 1: 174.85 High Sep 21
  • PRICE: 174.63 @ 04:48 BST Sep 29
  • SUP 1: 174.16 Low Sep 25
  • SUP 2: 173.74 Low Sep 17 and key near-term support
  • SUP 3: 173.54 Low Sep 11
  • SUP 4: 173.06 Sep 10 low and the reversal trigger

Bund futures are trading closer to the upper end of the recent range. The contract maintains a firmer posture with the focus on 107.85, Sep 21 high. A bullish theme follows the recent breach of 174.51, Aug 21 and Sep 9 high. This confirmed a resumption of the uptrend in place since Aug 28 and paves the way for a test of 175.08, Aug 4 high. Clearance of this level would open 175.23, a Fibonacci projection. Firm support is at 173.74, Sep 17 low.

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.