Free Trial

(Z1) Watching Key Near-Term Support

BUND TECHS
  • RES 4: 173.93 High Aug 25
  • RES 3: 173.54 High Aug 31
  • RES 2: 172.95 61.8% retracement of the Aug - Nov sell-off
  • RES 1: 171.70/72.57 High Nov 23 / High Nov 22
  • PRICE: 170.66 @ 05:10 GMT Nov 25
  • SUP 1: 170.31 Low Nov 24
  • SUP 2: 170.06 Low Nov 5
  • SUP 3: 168.98 Low Nov 3
  • SUP 4: 167.69 Low Nov 1 and the bear trigger

Bund futures edged lower again yesterday as the recent pullback from 172.57, Nov 22 high extends. For now, the move lower is considered corrective as long as support at 170.06 remains intact, Nov 5 low. Recent gains confirmed a resumption of the uptrend and the breach of 171.95 - 61.8% of the Aug - Nov sell-off opens 172.95, the 76.4% retracement. A break of 170.06 however would alter the picture.

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.