FRANKFURT (Dow Jones) – The Bund future is quoted weaker during trading on Monday morning. At 8:37 a.m. he lost 46 ticks to 175.34 percent. He started the night with 175.65 percent. The daily high is so far at 175.70 percent, the low at 175.30 percent. Almost 64,300 contracts were implemented.
This continues the downhill run for cross-country skiers. Quiet business is expected due to the US public holiday. The Helaba analysts expect that the European purchasing manager indices and the minutes of the recent US central bank meeting could provide impetus in the coming days.
“The technical situation of the Bund future can be described as very bad,” said Helaba. The sell-signal of the MACD had already sent negative signals in the last few days, and the slide below the 176.10 mark had further increased the selling pressure. In addition, a negative continuation formation is emerging, so that the target price levels at 174.97 and 174.50 could move into focus.
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DJG / hru / cln
(END) Dow Jones Newswires
February 15, 2021 02:48 ET (07:48 GMT)