Free Trial

(Z17) Bulls Need Close Above 150.50 ......>

JGB TECHS
JGB TECHS: (Z17) Bulls Need Close Above 150.50 
*RES 4: 150.65 - Low Sept 20 now resistance
*RES 3: 150.55 - 100-DMA
*RES 2: 150.50 - Hourly resistance Sept 27
*RES 1: 150.44 - High Sept 28
*PRICE: 150.35 @ 2130GMT
*SUP 1: 150.30 - Hourly support Sept 28 
*SUP 2: 150.23 - Low Sept 28 
*SUP 3: 150.11 - Low Aug 2 
*SUP 4: 150.06 - Low July 20
*COMMENTARY: Losses continued for the contract Thursday although the lack of
downside follow though is less than ideal given daily studies looking to correct
from O/S, momentum divergence and the Bollinger base (150.32). Layers of
resistance are weighing with bulls now needing a close above 150.50 to ease
bearish pressure and above 150.65 to shift focus back to 150.95-151.09 where the
21-DMA is located. Below 150.06 is needed to target July lows (149.65).

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.