Technical Forecast for BAX (Three-Month Canadian Bankers' Acceptance Futures)

Sept 13 support at 98.70/69 but below here risks a test of 98.65. Resistance at 98.72/73 then 98.76/77.

 

Dec13 support at 98.70/69, 98.66/65. Below 99.63 risks a test of 98.61/60 but good support here could be a buying opportunity. Resistance is at 98.74/75 & 98.79/80 above.

 

Mar14 support at 98.61/60, 98.56, 98.53 & 98.49 but a break lower could see 98.47/46 then 98.42/41. Resistance at 98.65, 98.68/69 then 98.72/73 & 98.76.

 

June 14 support at 98.53 then 98.51/50 but below 98.49 risks a slide to 98.46/45. Resistance at the 200 day moving average at 98.58/59 then the 100 day moving average at 98.62/63 & July highs at 98.66.