MNI INTERVIEW: Fed QT Likely To Linger After Rate Cuts Start

MNI BRIEF: BOE Markets Head Sees Wider Collateral, More Repos

MNI PBOC WATCH: PBOC Cuts 7-Day Rate As Reconfigures Framework

MNI China Daily Summary: Monday, July 22

MNI BRIEF: PBOC Lowers Ceiling of Its Interest Corridor

MNI: PBOC Sets Yuan Parity Higher At 7.1335 Mon; -1.18% Y/Y

CBRT Data Watch

NBH Data Watch

Pay concerns push back easing expectations; curve flattens

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

(Z2) Trend Needle Points North

BUND TECHS
  • RES 4: 144.29 1.236 proj of the Oct 21 - 28 - Nov 8 price swing
  • RES 3: 142.87 High Oct 4 and a key reversal point
  • RES 2: 142.75 38.2% retracement of the Aug 2 - Oct 21 bear leg
  • RES 1: 142.60 High Nov 24 and the bull trigger
  • PRICE: 141.17 @ 04:59 GMT Nov 30
  • SUP 1: 139.87/138.26 20-day EMA / Low Nov 14
  • SUP 2: 136.92 Low Nov 9
  • SUP 3: 135.76/65 Low Nov 8 / 76.4% of the Oct 21 - 28 bull phase
  • SUP 4: 135.23 Low Oct 24

Bund futures remain in an uptrend and the latest pullback is considered corrective. The recent breach of 141.09, Nov 17 high, reinforced bullish conditions and confirmed a resumption of the current uptrend. Price has also traded above the 50-day EMA at 140.18. A clear break of this EMA would highlight a stronger reversal. Potential is seen for a climb to 142.87, the Oct 4 high. The 20-day EMA marks initial firm support - it intersects at 139.87.

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.