Free Trial

(Z17) 162.97 Now Key Support Today.......>

BUND TECHS
BUND TECHS: (Z17) 162.97 Now Key Support Today
*RES 4: 164.75 Daily Bull channel top
*RES 3: 164.52 Low Sept 1 now resistance (Cont)
*RES 2: 164.00 Low Aug 18 now resistance (Cont)
*RES 1: 163.92 High Dec 1
*PREVIOUS CLOSE: 163.54
*SUP 1: 163.46 Hourly resistance Dec 1 now support
*SUP 2: 162.97 Alternating hourly support/resistance
*SUP 3: 162.52 Hourly support Nov 30
*SUP 4: 162.38 Daily Bull channel base off Oct 25 low
*COMMENTARY: The lack of follow through on Thursday's dip resulted in a bounce
and relatively bullish close to the week that sees bulls reconfirm dominance and
focus now on 164.00-75 where the shorter term bull channel top is situated. The
Bollinger band top (163.66) is the key concern for bulls and currently limits
follow through. Bears now need a close below 162.97 to ease bullish pressure and
shift focus back to layers of support 161.59-162.38.

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.