Free Trial

(Z17) Further Fall Sees 161.18-161.14....>

BUND TECHS
BUND TECHS: (Z17) Further Fall Sees 161.18-161.14 As Support Area
*RES 4: 162.64 Sep 11 low, now resistance
*RES 3: 162.32 Hourly recovery high Sep 12
*RES 2: 162.05/07 Intraday, Sep 13 highs
*RES 1: 161.82/85 Intraday high, hourly resistance
*PRICE: 161.32 @1245GMT                                   
*SUP 1: 161.14/18 Aug 18 low, 38.2% Fibo of 157.55-163.43
*SUP 2: 160.67 1% volatility band
*SUP 3: 160.49/50 50% Fibo of 157.55-163.43, Aug 16 low
*SUP 4: 159.99 Aug 7 low
*COMMENTARY* Have now seen a spike lower through the swing target at 161.26 and
a test to the top of what looks a stronger support area between 161.18-161.14.
In the interim, nearest resistance comes from below 161.82-161.85, above would
help but a break back above the two recent recovery highs between 162.05-162.07
is likely needed to stimulate any meaningful recovery. Below 161.14 and not
until the 1% volatility band. 

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.