Free Trial

(Z18) Recovery Keeps Uptrend Intact......>

BUND TECHS
BUND TECHS: (Z18) Recovery Keeps Uptrend Intact
*RES 4: 164.15 High May 29 (Continuation chart) 
*RES 3: 163.92 High December 1, 2017 (Continuation chart) 
*RES 2: 161.33 High Aug 17 
*RES 1: 160.98 High Sep 3 
*PREVIOUS CLOSE: 160.36 
*SUP 1: 159.59 Low Aug 29 
*SUP 2: 159.40 Up trendline support from June lows 
*SUP 3: 158.37 Low Aug 1 
*SUP 4: 159.45 Low June 14 (Continuation chart) 
Yesterday's rally in the Dec-18 Bund keeps the medium-term uptrend from the June
lows intact and brings the Sep 3 high of 160.98 back into focus. A break above
here would shift the outlook firmly in the bulls' favour and suggest a retest of
the Aug 17 high. Bears need to push below the Aug 29 low of 159.59 to test the
larger uptrend.  

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.