Free Trial

(Z18) Maintaining Uptrend *RES 4:.......>

BUND TECHS
BUND TECHS: (Z18) Maintaining Uptrend 
*RES 4: 164.00 Inverse head-and-shoulders target 
*RES 3: 162.50 Measured move from double bottom formation 
*RES 2: 161.30 High Aug 17 
*RES 1: 161.19 High Aug 23 
*PREVIOUS CLOSE: 160.83 
*SUP 1: 160.47 Support 
*SUP 2: 160.00 Support 
*SUP 3: 159.41 55-dma 
*SUP 4: 158.84 Low Oct 22 
Dec-18: The Bund future has pulled back from Friday's high's, but the uptrend
remains in place. Indeed, intraday up trendline support at the 160.69 has
limited the setback, thus far. However, gains back above the 160.99 level are
needed to trigger a renewed positive signal on short term charts putting the
focus on Friday's 161.19 high and then the Aug 17 high at 161.30. Initial
support is place at 160.48/47 ahead of the 55-dma at 159.41.

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.