Free Trial

(Z17) Failure Below 162.05 Sees..........>

BUND TECHS
BUND TECHS: (Z17) Failure Below 162.05 Sees Downside Pressure Resume
*RES 4: 162.37 61.8% Fibo of 163.43-160.66
*RES 3: 161.98/05 Sep 25, Sep 14 highs
*RES 2: 161.62 Initial low Sep 26, now resistance
*RES 1: 161.25/35 Hourly resistance, intraday high
*PRICE: 160.97 @1128GMT                                   
*SUP 1: 160.66 Sep 21 low
*SUP 2: 160.49/50 50% of 157.55-163.43, Aug 16 low
*SUP 3: 159.77/80 Jul 24 high, 61.8% of 157.55-163.43
*SUP 4: 159.65 1% volatility band
*COMMENTARY* Key support from above 160.49-50 managed to hold last week, a low
of 160.66, before staging a recovery. This helped by Monday's rise through last
week's 161.41 range top. The Sep 14 high at 162.05 however, has become a bridge
too far, the rally stopping at 161.98. The subsequent decline has been swift,
160.66 back in view today, 160.49-50 still important below and the protection
against a 159.80-159.77 fall. Resistance now 161.25-161.62.

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.