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Fails To Clear Resistance

BUND TECHS
  • RES 4: 177.52 High May 15
  • RES 3: 177.35 High May 18
  • RES 2: 177.00 Round number resistance
  • RES 1: 176.98 High Jul 24
  • PRICE: 176.11 @ 04:51 BST Jul 27
  • SUP 1: 175.77/54 Low Jul 20 / Low Jul 9
  • SUP 2: 175.04 Low Jul 2
  • SUP 3: 174.80 Low Jun 17
  • SUP 4: 174.74 50.0% retracement of the Jun 5 - Jul 10 rally

Bund futures retreated Friday failing to convincingly clear resistance at
196.95, Jul 22 high. Attention turns to support at 176.54, Jul 20 low where
a break would instead signal a near-term reversal and expose 175.54, Jul
13 low and the key support at 175.04. Jul 2 low. For bulls, a break of
176.98, Friday's high is required to reinstate a bullish theme. This would
open 177.77, high Apr 30 and Jun 5.

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