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BUND TECHS: (Z4) Bull Cycle Extends

BUND TECHS
Fixed Income Technical AnalysisCredit BulletsBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 134.63 High Oct 4         
  • RES 3: 134.25 High Oct 16 / 18  
  • RES 2: 134.05 61.8% retracement of the Oct 1 - Nov 6 bear leg 
  • RES 1: 133.71 Intraday high                          
  • PRICE: 133.60 @ 05:44 GMT Nov 26
  • SUP 1: 132.88/52 20- and 50-day EMA values 
  • SUP 2  131.28 Low Nov 14             
  • SUP 3: 130.58 Low Nov 6 and the bear trigger 
  • SUP 4: 129.99 1.236 proj of the Oct 1 - 10 -16 price swing 

Bund futures maintain a firmer tone and the contract traded higher yesterday. Price has traded more convincingly through the 20- and 50-day EMAs. This undermines the recent bearish theme and note that 133.39 has been breached, the 50.0% retracement of the Oct 1 - Nov 6 bear leg. Clearance of this level strengthens a bullish theme and opens 134.05, the 61.8% retracement point. Support to watch lies at 131.28, the Nov 14 low.

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  • RES 4: 134.63 High Oct 4         
  • RES 3: 134.25 High Oct 16 / 18  
  • RES 2: 134.05 61.8% retracement of the Oct 1 - Nov 6 bear leg 
  • RES 1: 133.71 Intraday high                          
  • PRICE: 133.60 @ 05:44 GMT Nov 26
  • SUP 1: 132.88/52 20- and 50-day EMA values 
  • SUP 2  131.28 Low Nov 14             
  • SUP 3: 130.58 Low Nov 6 and the bear trigger 
  • SUP 4: 129.99 1.236 proj of the Oct 1 - 10 -16 price swing 

Bund futures maintain a firmer tone and the contract traded higher yesterday. Price has traded more convincingly through the 20- and 50-day EMAs. This undermines the recent bearish theme and note that 133.39 has been breached, the 50.0% retracement of the Oct 1 - Nov 6 bear leg. Clearance of this level strengthens a bullish theme and opens 134.05, the 61.8% retracement point. Support to watch lies at 131.28, the Nov 14 low.