Free Trial

(H4) Bullish Price Sequence Remains Intact

BUND TECHS
  • RES 4: 138.49 3.382 proj of the Nov of the 13 - 17 - 24 price swing
  • RES 3: 138.00 Round number resistance
  • RES 2: 137.58 3.00 proj of the Nov of the 13 - 17 - 24 price swing
  • RES 1: 137.48 HIgh Dec 15
  • PRICE: 137.33 @ 05:28 GMT Dec 18
  • SUP 1: 135.81/134.37 Low Dec 15 / 8 and a key support
  • SUP 2: 134.03 20-day EMA
  • SUP 3: 133.42 Low Dec 4
  • SUP 4: 132.59 Low Dec 1

Bund futures maintain a firmer short-term tone following last week’s gains. The break of resistance at 135.81, the Dec 7 high, confirmed a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. This opens 137.58, a Fibonacci projection. On the downside, key short-term support has been defined at 134.37, the Dec 8 low. A short-term pullback would be considered corrective.

146 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • RES 4: 138.49 3.382 proj of the Nov of the 13 - 17 - 24 price swing
  • RES 3: 138.00 Round number resistance
  • RES 2: 137.58 3.00 proj of the Nov of the 13 - 17 - 24 price swing
  • RES 1: 137.48 HIgh Dec 15
  • PRICE: 137.33 @ 05:28 GMT Dec 18
  • SUP 1: 135.81/134.37 Low Dec 15 / 8 and a key support
  • SUP 2: 134.03 20-day EMA
  • SUP 3: 133.42 Low Dec 4
  • SUP 4: 132.59 Low Dec 1

Bund futures maintain a firmer short-term tone following last week’s gains. The break of resistance at 135.81, the Dec 7 high, confirmed a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. This opens 137.58, a Fibonacci projection. On the downside, key short-term support has been defined at 134.37, the Dec 8 low. A short-term pullback would be considered corrective.