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(H3) Corrective Cycle Still In Play

BUND TECHS
  • RES 4: 144.46 1.50 proj of the Oct 21 - 28 - Nov 8 price swing
  • RES 3: 143.68 1.382 proj of the Oct 21 - 28 - Nov 8 price swing
  • RES 2: 143.00 Round number resistance
  • RES 1: 141.70/142.91 High Dec 13 / 7 and the bull trigger
  • PRICE: 140.11 @ 05:10 GMT Dec 15
  • SUP 1: 139.65 Low Dec 14
  • SUP 2: 139.13 Low Nov 28 and a key short-term support
  • SUP 3: 138.34 Low Nov 18
  • SUP 4: 137.90 Low nov 16

Bund futures are trading closer to their recent lows. The broader trend direction is up and the latest pullback is considered corrective. Moving average studies have crossed, to highlight a bull mode condition. This signals a stronger reversal. A positive price sequence of higher highs and higher lows also remains intact. A resumption of gains would open 143.00. Firm support to watch has been defined at 139.13, Nov 28 low.

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