Free Trial

(Z17) 163.43-163.61 The Next Upside......>

BUND TECHS
BUND TECHS: (Z17) 163.43-163.61 The Next Upside Target Zone
*RES 4: 164.40 76.4% Fibo of 165.69-160.24
*RES 3: 164.10 1% volatility band
*RES 2: 163.61 61.8% Fibo of 165.69-160.24
*RES 1: 163.43 Sep 8 high
*PRICE: 163.31 @1624GMT                                   
*SUP 1: 162.83 Oct 31 high, now support
*SUP 2: 162.60 Hourly base Nov 2
*SUP 3: 162.44 Oct 31 low
*SUP 4: 162.24 Nov 2 low
*COMMENTARY* Rally broke slightly above 163.19 on Monday, this the 6 week bull
channel projection and also the swing target of the recent 162.78-160.76 fall. A
high of 163.24 on Monday before retreating on the back of some overbought hourly
conditions. In the interim, the Oct 31 high at 162.83 currently protects against
any deeper 162.69-162.44 pullback. Should stay above the latter now to retain
recent momentum. Through 163.24 and next resistance comes from 163.43-163.61.  

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.