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(H1) Resumes Slide

BUND TECHS
  • RES 4: 176.64 High Feb 11
  • RES 3: 176.15 50-day EMA
  • RES 2: 175.70 High Feb 15
  • RES 1: 175.45 High Feb 16
  • PRICE: 172.57 @ 05:02 GMT Feb 26
  • SUP 1: 172.55 Low Feb 25
  • SUP 2: 172.35 Low Sep 1, 2020 (cont)
  • SUP 3: 171.65 Lower 3.0% Bollinger band
  • SUP 4: 171.82 61.8% March - December 2020 Rally

Bund futures broke lower Thursday, hitting new 2021 lows of 172.55 as they joined the global bond market sell-off. Markets edged through all nearby support, clearing the way for a broader slide toward the lower levels of 2020, starting with the Sep 1 2020 low at 172.35, which act as first support. To stabilise the outlook, markets need to re-take the 174.00 to build a base for any gains toward the February highs.

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