Free Trial

(Z9) Probes 171.96 Key Resistance *RES...>

BUND TECHS
BUND TECHS: (Z9) Probes 171.96 Key Resistance
*RES 4: 173.13 Trendline resistance drawn off Sep 3 high
*RES 3: 172.82 High Oct 15
*RES 2: 172.29 High Oct 16
*RES 1: 172.03 High Oct 31
*PRICE: 171.79 @ 04:41 GMT Nov 1
*SUP 1: 171.17 Low Oct 31
*SUP 2: 170.56 Low Oct 28
*SUP 3: 170.43 2.618 projection of Sep 25 - Oct 1 decline from Oct 3 high
*SUP 4: 170.29 1.000 projection of Sep 3 - Sep 13 decline from Sep 25 high
Z9 Bund continued to recover yesterday and did manage a print above key
resistance at 171.96, touching a high of 172.03. The move above this level is a
strong indication the recent bearish leg has run its course and that bullish
sentiment has returned. Momentum studies are pointing north, reinforcing a
bullish theme. A continued move higher would open trendline resistance at
173.13, drawn off Sep 3 high. Primary support has been defined at 170.56.

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.