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(H3) Fresh Short-Term Trend High

BUND TECHS
  • RES 4: 140.00 Round number resistance
  • RES 3: 138.97 61.8% retracement of the Dec 7 - Jan 3 bear leg
  • RES 2: 138.62 High Dec 16
  • RES 1: 137.98 High Jan 11
  • PRICE: 137.87 @ 05:13 GMT Jan 12
  • SUP 1: 136.04/135.74 Low Jan 10 / 6
  • SUP 2: 135.08 Low Jan 4 and a key short-term support
  • SUP 3: 133.79 Low Jan 3
  • SUP 4: 132.60 Low Jan 2 and the bear trigger

Bund futures remain in an uptrend following last week’s gains and yesterday’s climb reinforces current conditions. Price has traded through the 20-day EMA and short-term signals suggest scope for a continuation higher near-term. Sights are on 138.62 next, the Dec 16 high ahead of 138.97, a Fibonacci retracement level. On the downside, initial firm support is at 136.04, the Jan 10 low.

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