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BUND TECHS: BUND TECHS: (Z4) Bear Cycle Extends 

BUND TECHS
  • RES 4: 135.24 High Oct 3       
  • RES 3: 134.63 High Oct 4  
  • RES 2: 134.25 High Oct 16 / 18 and key resistance 
  • RES 1: 133.54 High Oct 24                        
  • PRICE: 132.52 @ 05:45 GMT Oct 28
  • SUP 1: 132.39 Intraday low  
  • SUP 2  132.12 0.618 proj of the Oct 1 - 10 -16 price swing               
  • SUP 3: 131.66 Low Jul 26
  • SUP 4: 130.80 1.00 proj of the Oct 1 - 10 -16 price swing

Bund futures are trading lower today, starting the week on a bearish note. The contract has traded through support at 132.58, the Oct 22 low. The breach confirms a resumption of the downtrend that started early October and signals scope for a continuation near-term. Sights are on 132.12, a Fibonacci projection. On the upside, initial key resistance has been defined at 133.54, the Oct 24 high.

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  • RES 4: 135.24 High Oct 3       
  • RES 3: 134.63 High Oct 4  
  • RES 2: 134.25 High Oct 16 / 18 and key resistance 
  • RES 1: 133.54 High Oct 24                        
  • PRICE: 132.52 @ 05:45 GMT Oct 28
  • SUP 1: 132.39 Intraday low  
  • SUP 2  132.12 0.618 proj of the Oct 1 - 10 -16 price swing               
  • SUP 3: 131.66 Low Jul 26
  • SUP 4: 130.80 1.00 proj of the Oct 1 - 10 -16 price swing

Bund futures are trading lower today, starting the week on a bearish note. The contract has traded through support at 132.58, the Oct 22 low. The breach confirms a resumption of the downtrend that started early October and signals scope for a continuation near-term. Sights are on 132.12, a Fibonacci projection. On the upside, initial key resistance has been defined at 133.54, the Oct 24 high.