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BUND TECHS: (Z4) Bull Cycle Extension

BUND TECHS
Fixed Income Technical AnalysisCredit BulletsBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 135.24 High Oct 3         
  • RES 3: 134.87 76.4% retracement of the Oct 1 - Nov 6 bear leg 
  • RES 2: 134.63 High Oct 4
  • RES 1: 134.49 High Nov 28                          
  • PRICE: 134.47 @ 05:29 GMT Nov 29
  • SUP 1: 133.75/132.90 Low Nov 27 / 20-day EMA 
  • 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 have traded higher this week and the contract is holding on to its latest gains. A bullish theme remains intact and further gains are likely. Price has recently breached 133.39, 50.0% of the Oct 1 - Nov 6 bear leg. The move higher has also resulted in a breach of; 134.05, the 61.8% retracement point, and 134.25, the high on Oct 16 and 18. This opens 134.87 next, the 76.4% retracement. Initial firm support to watch is 132.90, the 20-day EMA.

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  • RES 4: 135.24 High Oct 3         
  • RES 3: 134.87 76.4% retracement of the Oct 1 - Nov 6 bear leg 
  • RES 2: 134.63 High Oct 4
  • RES 1: 134.49 High Nov 28                          
  • PRICE: 134.47 @ 05:29 GMT Nov 29
  • SUP 1: 133.75/132.90 Low Nov 27 / 20-day EMA 
  • 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 have traded higher this week and the contract is holding on to its latest gains. A bullish theme remains intact and further gains are likely. Price has recently breached 133.39, 50.0% of the Oct 1 - Nov 6 bear leg. The move higher has also resulted in a breach of; 134.05, the 61.8% retracement point, and 134.25, the high on Oct 16 and 18. This opens 134.87 next, the 76.4% retracement. Initial firm support to watch is 132.90, the 20-day EMA.