Free Trial

(Z9) Hovering Just Below The Channel.....>

BUND TECHS
BUND TECHS: (Z9) Hovering Just Below The Channel Top
*RES 4: 173.15 High Oct 11
*RES 3: 172.82 High Oct 15
*RES 2: 172.03 High Oct 31 and key resistance
*RES 1: 171.39/60 Channel top drawn off the Sep 3 high / High Nov 28
*PRICE: 171.19 @ 05:51 GMT Nov 29
*SUP 1: 170.88 Low Nov 26
*SUP 2: 170.31 Low Nov 22 and key intraday support
*SUP 3: 169.67 Low Nov 13
*SUP 4: 169.12 Low Nov 8 and bear trigger
Z9 Bund prices probed resistance at 171.56 yesterday, Nov 20 high before pulling
back. Prices continue to trade just below 171.39, the bear channel resistance
drawn off the Sep 3 high. A break of this resistance and of yesterday's 171.60
high is required to highlight a potential reversal that would open 172.03
initially, Oct 31 high. This would pave the way for a climb towards a congestion
area at 172.02, Oct 31 high. Key support lies at 170.31.

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.