Free Trial

(Z18) Early Losses Recovered Ahead Of....>

BUND TECHS
BUND TECHS: (Z18) Early Losses Recovered Ahead Of 160
*RES 4: 164.15 High May 28 (continuation chart) 
*RES 3: 162.50 Measured move from double bottom formation 
*RES 2: 161.30 High Aug 17 
*RES 1: 160.95 High Sep 3 
*PREVIOUS CLOSE: 160.46 
*SUP 1: 160.06 Low Oct 29 
*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 dipped as low at 160.06 yesterday in early European trading
before recovering their losses. The Sep 3 high at 160.95 lies just ahead of
Friday's high at 160.95 and a break above here would give further fuel to the
rally, opening the Aug 17 peak and contract highs at 161.30. Bears need to push
back below 160.06 to stabilize the short-term outlook, but a break below the Oct
22 low at 158.84 would be needed to give bears the upper hand.

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.