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Late Equity Roundup: Mildly Lower on Week


Remains Above The 50-Day EMA


Fails To Hold On To Its Gains

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(H2) Bullish Trend Conditions Intact

  • RES 4: 175.57 1.618 proj of the Nov 11 - 22 - 24 price swing
  • RES 3: 175.29 1.50 proj of the Nov 11 - 22 - 24 price swing
  • RES 2: 175.02 1.382 proj of the Nov 11 - 22 - 24 price swing
  • RES 1: 174.89 High Dec 3 and the bull trigger
  • PRICE: 174.51 @ 04:58 GMT Dec 8
  • SUP 1: 173.31 Low Dec 2
  • SUP 2: 172.70 Low Nov 26
  • SUP 3: 171.77 Low Nov 24 and key near-term support
  • SUP 4: 170.72 Low Nov 4

Bund futures remain in an uptrend and the contract is trading closer to recent highs. The current bull phase has been in place since Oct 29 and a bullish price sequence of higher highs and higher lows remains intact, the definition of an uptrend. The focus is on the 175.00 handle next. Initial support is seen at 173.31, Dec 1 low. A break is required to signal a potential top. Key support is at 171.77, Nov 24 low.

MNI London Bureau | +44 203-586-3805 |
MNI London Bureau | +44 203-586-3805 |

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