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BUND TECHS: (Z4) Corrective Cycle Remains In Play

BUND TECHS
Fixed Income Technical AnalysisCredit BulletsBundesbankCentral 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: 135.19/135.49 High Sep 27 / 11                     
  • PRICE: 134.90 @ 05:16 BST Sep 30
  • SUP 1: 134.31/79 Low Sep 27 / 50-day EMA             
  • 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 holding on to their recent gains. The move down between Sep 11 - 20, is considered corrective. A resumption of weakness would highlight an extension of this corrective phase and open the 50-day EMA, at 133.79. Clearance of this average is required to undermine a bullish theme. For bulls, a stronger reversal higher would refocus attention on key resistance and the bull trigger at 135.66, the Aug 5 high.

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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: 135.19/135.49 High Sep 27 / 11                     
  • PRICE: 134.90 @ 05:16 BST Sep 30
  • SUP 1: 134.31/79 Low Sep 27 / 50-day EMA             
  • 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 holding on to their recent gains. The move down between Sep 11 - 20, is considered corrective. A resumption of weakness would highlight an extension of this corrective phase and open the 50-day EMA, at 133.79. Clearance of this average is required to undermine a bullish theme. For bulls, a stronger reversal higher would refocus attention on key resistance and the bull trigger at 135.66, the Aug 5 high.