Free Trial

(Z18) Downtrend Extends *RES 4: 160.98...>

BUND TECHS
BUND TECHS: (Z18) Downtrend Extends
*RES 4: 160.98 High Sep 3 
*RES 3: 160.48 High Sep 6 
*RES 2: 159.78 High Sep 12 
*RES 1: 159.16 100-dma 
*PREVIOUS CLOSE: 157.92 
*SUP 1: 157.61 Low May 15 (continuation chart) 
*SUP 2: 157.43 Low April 24 (continuation chart) 
*SUP 3: 156.66 Low Mar 9 (continuation chart) 
*SUP 4: 155.03 Low Dec 4, 2015 (continuation chart) 
The Dec-18 Bund suffered further losses yesterday as the downtrend extends and
bears target the May 15 low on the continuation chart. Below here lies the ytd
low of 156.66 and a break would confirm a major bearish reversal. Bulls need to
overcome the 100-dma at 159.16 which is now acting as resistance ahead of a
potential return to the Sep 12 high at 159.78.

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.