5 Mar 2015
Bund futures erodes the 3-month support – Commerzbank
FXStreet (Barcelona) - Karen Jones, Head of Technical Analysis at Commerzbank, views that with June Bund Futures having eroded the 3-month support, the focus now shifts lower towards the key support at 156.00/155.98.
Key Quotes
“The Bund June contract has eroded its 3 month support line and the risk is that will see a slide back to key support at 156.00/155.98.”
“Intraday rallies are likely to remain capped by 156.95/157.10 and while capped here the market will maintain a slightly offered feel.”
“Above 157.10 will suggest another attempt on the 157.77 recent high.”
“Shorter term (1-3 weeks): Failed at 160, downside corrective”
Key Quotes
“The Bund June contract has eroded its 3 month support line and the risk is that will see a slide back to key support at 156.00/155.98.”
“Intraday rallies are likely to remain capped by 156.95/157.10 and while capped here the market will maintain a slightly offered feel.”
“Above 157.10 will suggest another attempt on the 157.77 recent high.”
“Shorter term (1-3 weeks): Failed at 160, downside corrective”