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Free Access(Z17) Bulls Need Weekly Close Above......>
BUND TECHS: (Z17) Bulls Need Weekly Close Above 100-WMA
*RES 4: 163.43 Monthly high Sept 8
*RES 3: 163.14 100-WMA
*RES 2: 162.89 Low Sept 11 now resistance, Bolli top
*RES 1: 162.83 High Oct 31
*PREVIOUS CLOSE: 162.72
*SUP 1: 162.44 Low Oct 31
*SUP 2: 162.23 Hourly resistance Oct 27 now support
*SUP 3: 161.85 Hourly support Oct 27
*SUP 4: 161.63 Low Oct 27
*COMMENTARY: The lack of follow through below the 100-DMA & hesitation ahead of
160.59 resulted in a break higher last week, easing bearish pressure with
immediate focus on 162.89-163.14. Bulls need a close above the 100-WMA to hint
at a move back to 2017 highs (166.40) and above 163.43 Sept highs to confirm.
Bears need a close below 162.23 to ease bullish pressure and below 161.63 to
shift focus to 160.59-00 where the bull channel base is found.
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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.