Free Trial

(Z18) Outlook Turns Neutral *RES 4:.....>

BUND TECHS
BUND TECHS: (Z18) Outlook Turns Neutral 
*RES 4: 160.98 High Sep 3 
*RES 3: 160.48 High Sep 6 
*RES 2: 159.78 High Sep 12 
*RES 1: 159.24 100-dma 
*PREVIOUS CLOSE: 158.90 
*SUP 1: 158.02 Low Sep 27 
*SUP 2: 157.75 Low Sep 25 
*SUP 3: 157.61 Low May 15 (continuation chart) 
*SUP 4: 157.43 Low April 24 (continuation chart) 
Bears managed to prevent a break above the 100-dma last Friday but the break of
the downtrend from the Sep 3 high keeps the outlook neutral. Bulls need a break
above the 100-dma at 159.24 to gain the upper hand and target the Sep 12 high.
Bears look to break back below the Sep 27 low at 158.02 to target the Sep 25 low
at 157.75 and extend the downtrend. 

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.