We have updated our privacy policy and terms & conditions. Find out more here.

March Bunds Beat Resistance At 144.36, Reach 144.50

By  |  Bonds  |  Dec 21, 2012 04:49PM GMT  |   Add a Comment
March Bunds Beat Resistance At 144.36, Reach 144.50
By   |  Dec 21, 2012 04:49PM GMT

March Bunds beat resistance at 144.36 but only reached 144.50 in a quiet session. Above here we look for 144.71 today. A push through here would target very tough resistance at 144.94/99 for a selling opportunity

Immediate support seen at 144.18. We have bottomed this week just above 143.75/71, the December low so far and 55-Day Moving Average support. This is very good Fibonacci support also and therefore a good chance of a low for the day if we see a move towards here again today. It should be worth trying longs once more. Stops on longs needed below 143.50 Bear in mind we do have a roll over gap to fill down at 143.39 at some stage in the coming weeks.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Are you sure you want to delete this chart?
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?

Successfully Reported

Thank you. This comment has been flagged for a moderator.