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(H3) Uptrend Remains Intact

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: 142.91 Intraday high
  • PRICE: 142.26 @ 05:33 GMT Dec 8
  • SUP 1: 140.58 Low Dec 6
  • SUP 2: 139.62 Low Nov 29
  • SUP 3: 136.13 Low Nov 28 and a key short-term support
  • SUP 4: 138.34 Low Nov 18

Bund futures remain in an uptrend and recent pullbacks have been corrective. The cross traded higher yesterday. Resistance at 141.94, the Nov 24 high, has recently been breached and moving average studies appear to be crossing to highlight a bull mode condition. This signals a stronger reversal. Potential is seen for a climb to 143.00 next. Initial firm support has been defined at 140.58, the Dec 6 low.

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