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BUND TECHS: (U4) Finds Support Just Below The 50-Day EMA 

BUND TECHS
  • RES 4: 136.45 76.4% of the Dec 27 - May 31 downleg (cont)       
  • RES 3: 136.28 High Aug 5 and the bull trigger
  • RES 2: 135.17/135.59 High Aug 14 / 6 
  • RES 1: 134.49 High Aug 29                    
  • PRICE: 134.09 @ 05:22 BST Sep 4
  • SUP 1: 133.16 Low Sep 2            
  • SUP 2: 133.00 Round number support 
  • SUP 3: 132.54 61.8% retracement of the Jul 7 - Aug 5 rally
  • SUP 4: 132.08 Low Jul 26

Bund futures have recovered from Monday’s low and from levels just below support at the 50-day EMA, at 133.43. Recent short-term weakness still appears to be corrective and this has allowed an overbought condition to unwind. First resistance is 134.49, the Aug 29 high, where a break would strengthen a near-term bullish condition. On the downside, a clear break of the 50-day EMA would highlight scope for a deeper retracement.

Fixed Income Technical AnalysisCredit BulletsBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets
Fixed Income Technical AnalysisCredit BulletsBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets

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