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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.
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Free AccessMNI US OPEN - Trump Warns BRICS Over Moving Away From USD
MNI BRIEF: Japan Q3 GDP To Be Slightly Revised Down
(Z9) Likely to remain heavy *RES 4:......>
BUND TECHS: (Z9) Likely to remain heavy
*RES 4: 175.62 High Sep 12
*RES 3: 175.09 Trendline resistance drawn off the Sep 3 high
*RES 2: 174.00 Round number resistance
*RES 1: 173.63 High Sep13
*PRICE: 173.10 @ 03:34 GMT Sep 17
*SUP 1: 172.18 Low Sep 13
*SUP 2: 172.00 Round number support
*SUP 3: 171.79 61.8% retracement of Jul 12 - Sep 3 rally
*SUP 4: 171.18 1.382 projection of Sep 3 - Sep 11 decline from Sep 12 high
Z9 Bund trading was quiet yesterday. The outlook remains bearish following the
steep sell-off last week that confirmed a downtrend condition. A number of key
supports were cleared including the area highlighted by the 50-day EMA at
173.52. The contract is approaching the 61.8% retracement of rally between Jul
12 - Sep 3 at 171.79. This is seen as the next crucial support. Resistance for
now is at 173.63.
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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.