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(H2) Trend Conditions Remain Bullish

BUND TECHS
  • 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: 174.27 @ 05:16 GMT Dec 7
  • 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 traded to a fresh trend Friday reinforcing the uptrend and confirming a resumption of it. The current bull phase has been in place since Oct 29 and a bullish price sequence of higher highs and higher lows remains intact. Key support is at 171.77, Nov 24 low. 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.

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