Free Trial

(Z18) Bears Gaining Momentum *RES 4:.....>

BUND TECHS
BUND TECHS: (Z18) Bears Gaining Momentum
*RES 4: 161.33 High Aug 17 
*RES 3: 160.98 High Sep 3 
*RES 2: 160.48 High Sep 6 
*RES 1: 159.78 High Sep 12 
*PREVIOUS CLOSE: 159.24 
*SUP 1: 159.01 100-DMA
*SUP 2: 158.37 Low Aug 1 
*SUP 3: 157.17 Low June 14 
*SUP 4: 156.90 Low June 12 
Bears are gaining momentum as support at the 100-dma at 159.01 remains in focus
despite the failure to break below here on Friday. Below here opens up the Aug 1
low at 158.37, a break of which would suggest further medium-term weakness.
Bulls need a break above the Sep 12 high at 159.79 to return the outlook to
neutral and break above the Sep 6 high at 160.48 to shift the focus higher to
target the 160.98 Sep 3 high.

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.