Free Trial

(Z18) Bearish Trend Forming *RES 4:......>

BUND TECHS
BUND TECHS: (Z18) Bearish Trend Forming
*RES 4: 162.50 Measured move from double bottom formation 
*RES 3: 161.30 High Aug 17 
*RES 2: 160.90 High Oct 26 
*RES 1: 160.00 Pivot area 
*PREVIOUS CLOSE: 159.54 
*SUP 1: 159.42 55-dma
*SUP 2: 158.84 Low Oct 22 
*SUP 3: 157.95 Low Oct 12 
*SUP 4: 157.33 Low Oct 5 
Dec-18 Bund futures extended losses below the 160 level on Friday but support
was found at the 55-dma at 159.42. Bears need to close below this level to shift
the outlook bearish and open the Oct 22 low at 158.84. On the upside, bulls need
to recover the 160.00 pivot area to make a run at the Oct 26 high at 160.90
ahead of the Aug 17 contract high at 161.30.

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.