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(H2) Bearish Trend Sequence Intact

BUND TECHS
  • RES 4: 169.61 50-day EMA
  • RES 3: 167.56 20-day EMA
  • RES 2: 167.00 High Feb 4
  • RES 1: 166.46 Feb 11 high
  • PRICE: 165.39 @ 05:02 GMT Feb 15
  • SUP 1: 164.37 Low Jan 10 and the bear trigger
  • SUP 2: 164.00 Round number support
  • SUP 3: 163.63 Low Mar, 2019 (cont)
  • SUP 4: 162.60 76.4% retrace of the Oct ‘18 - Sep ‘19 bull cycle (cont)

Bund futures are trading near its recent lows and remain in a clear downtrend. Bearish pressure so far this month has reinforced current trend conditions and maintained the bearish price sequence of lower lows and lower highs. Moving average conditions are in a bear mode set-up too, highlighting current sentiment. The focus is on the 164.00 handle next. 166.46 is initial resistance, the Feb 11 high.

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