RPT-MNI BOC WATCH: More Gradual Approach Seen After 50BP Cut

MNI BRIEF: Beijing To Protect Firms From U.S. Bill - MOFCOM

MNI: SNB CUTS KEY POLICY RATE BY 50 BPS TO 0.5%

MNI: PBOC Net Injects CNY28.8 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1854 Thurs; -1.13% Y/Y

MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI: SWEDEN FINAL NOV CPIF +1.8% Y/Y

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(Z2) Downtrend Extends

BUND TECHS
  • RES 4: 143.68 38.2% retracement of the Aug 2 - Sep 28 bear leg
  • RES 3: 140.13/42.87 High Oct 6 / 4 and key resistance
  • RES 2: 138.09/52 20-day EMA / High Oct 14
  • RES 1: 136.15 High Oct 20
  • PRICE: 134.50 @ 05:16 BST Oct 21
  • SUP 1: 134.00 Round number support
  • SUP 2: 133.74 0.618 proj of the Aug 2 - 12 - 15 price swing
  • SUP 3: 132.89 Low Oct 28 2011
  • SUP 4: 132.61 0.764 proj of the Aug 2 - 12 - 15 price swing

Bund futures are trading lower again today. The contract has cleared support at 135.14, the Oct 12 low. This confirms a resumption of the primary downtrend and with 135.00 pierced, scope is seen for a continuation lower. The extension maintains the bearish price sequence of lower lows and lower highs and opens 133.74 next, a Fibonacci extension. On the upside, key short-term resistance has been defined at 138.52, the Oct 14 high.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.