Free Trial

(Z17) 163.10 Break Sees Focus Switch.....>

BUND TECHS
BUND TECHS: (Z17) 163.10 Break Sees Focus Switch Higher Again
*RES 4: 164.40 76.4% Fibo of 165.69-160.24
*RES 3: 163.99 1.618 swing of 163.32-162.24
*RES 2: 163.63 Nov 8 high
*RES 1: 163.46 Intraday high
*PRICE: 163.26 @1605GMT
*SUP 1: 162.78/88 Hourly support
*SUP 2: 162.52 Hourly base Nov 30
*SUP 3: 162.24 Nov 30 low
*SUP 4: 161.86/91 61.8% of 160.76-163.63, Nov 14 low
*COMMENTARY* The move above 163.10 has switched the near term bias back to the
topside also aided by today's further break through the 163.30-163.32 area, that
capped rallies at the back end of last month. Above and attention switches to
the Nov 8 high at 163.63, basically a 61.8% Fibo retrace of the 165.69-160.24
fall seen earlier in the year. Meanwhile, support comes from 162.88-162.78 and
then more importantly 162.52. Through 163.63 and 163.99 bars the way to 164.40.

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.