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(H3) Remains Above The 20-Day EMA

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: 137.76 50.0% retracement of the Dec 7 - Jan 3 bear leg
  • PRICE: 137.30 @ 05:01 GMT Jan 9
  • SUP 1: 135.74 Low Jan 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 traded higher last week and the contract remains closer to its recent highs. Price has cleared the 20-day EMA and short-term signals suggest potential for a continuation higher near-term. Sights are on 137.76 next and if this level is cleared, it would open 138.97 further out - Fibonacci retracement levels. On the downside, initial firm support is at 135.08, the Jan 4 low.

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