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(H3) Keeps Pullback Lows Under Pressure

BUND TECHS
  • RES 4: 142.59 0.764 proj of the Jan 2 - 19 - 30 price swing
  • RES 3: 141.70 High Dec 13
  • RES 2: 140.73 High Jan 19 and the bull trigger
  • RES 1: 137.71/139.86 50-day EMA / High Feb 2
  • PRICE: 134.28 @ 15:47 GMT Feb 22
  • SUP 1: 133.63 Low Feb 22
  • SUP 2: 133.51 Lower 2.0% Bollinger Band
  • SUP 3: 133.03 2.0% 10-dma envelope
  • SUP 4: 132.60 Low Jan 2

Bund futures printed a fresh low early mid-Wednesday morning Friday and kept that level under pressure into the Tuesday close. 133.63 marks the new pullback low, with weakness initially gathering pace on the break below 135.08, the Jan 4 low, and opens 132.60 in the short-term. Moving average studies are in a bear-mode position, reinforcing current conditions. On the upside, resistance to watch is at 137.71, the 50-day EMA.

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