17 Nov 2014
December Bund futures once again near the 152.00 region – Commerzbank
FXStreet (Barcelona) - Axel Rudolph, Analyst at Commerzbank notes that the Bund futures remained near the minor psychological level of 152.00.
Key Quotes
“Bund futures remain bid and near the 151.97/152.00 zone, where the 78.6% Fibonacci retracement meets a minor psychological level. This is the last defence for the 152.49/66 key resistance area and our target. It represents the recent high and the top of the 20 year channel.”
“Dips lower should remain well supported by the 151.25 Imoku 1 level.”
“Below here we find the 150.69 uptrend. Uptrend support is reinforced by the 55 day ma at 149.98 and only a close below this latter level would confirm the end of the bull run.”
Key Quotes
“Bund futures remain bid and near the 151.97/152.00 zone, where the 78.6% Fibonacci retracement meets a minor psychological level. This is the last defence for the 152.49/66 key resistance area and our target. It represents the recent high and the top of the 20 year channel.”
“Dips lower should remain well supported by the 151.25 Imoku 1 level.”
“Below here we find the 150.69 uptrend. Uptrend support is reinforced by the 55 day ma at 149.98 and only a close below this latter level would confirm the end of the bull run.”