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BUND TECHS: (Z4) Bull Cycle Remains Intact 

BUND TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletGlobalFixed Income BulletsRegionMarkets
  • RES 4: 136.37 1.236 retracement proj of the Aug 5 - Sep 2 bear leg         
  • RES 3: 136.00 Round number resistance
  • RES 2: 135.66 High Aug 5 and the bull trigger 
  • RES 1: 135.49 High Sep 11                     
  • PRICE: 134.80 @ 05:29 BST Sep 18
  • SUP 1: 134.28/133.52 20- and 50-day EMA values             
  • SUP 2: 132.65 Low Sep 2 and the bear trigger 
  • SUP 3: 132.25 Low Jul 29 
  • SUP 4: 131.66 Low Jul 26

Bund futures are in consolidation mode and continue to trade closer to their recent highs. Gains last week confirmed a resumption of the bull cycle that started Sep 2. Attention is on the key resistance and bull trigger at 135.66, the Aug 5 high. Clearance of this level would strengthen a bullish theme. The 20-day EMA marks the initial firm support, at 134.28. A break of this EMA would highlight a potential reversal.

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  • RES 4: 136.37 1.236 retracement proj of the Aug 5 - Sep 2 bear leg         
  • RES 3: 136.00 Round number resistance
  • RES 2: 135.66 High Aug 5 and the bull trigger 
  • RES 1: 135.49 High Sep 11                     
  • PRICE: 134.80 @ 05:29 BST Sep 18
  • SUP 1: 134.28/133.52 20- and 50-day EMA values             
  • SUP 2: 132.65 Low Sep 2 and the bear trigger 
  • SUP 3: 132.25 Low Jul 29 
  • SUP 4: 131.66 Low Jul 26

Bund futures are in consolidation mode and continue to trade closer to their recent highs. Gains last week confirmed a resumption of the bull cycle that started Sep 2. Attention is on the key resistance and bull trigger at 135.66, the Aug 5 high. Clearance of this level would strengthen a bullish theme. The 20-day EMA marks the initial firm support, at 134.28. A break of this EMA would highlight a potential reversal.