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(H4) Maintains A Softer Tone

BUND TECHS
  • RES 4: 140.00 Psychological round number
  • RES 3: 139.39 3.764 proj of the Nov of the 13 - 17 - 24 price swing
  • RES 2: 137.96/138.84 High Jan 4 / High Dec 27 and the bull trigger
  • RES 1: 135.98 20-day EMA
  • PRICE: 135.74 @ 05:28 GMT Jan 12
  • SUP 1: 134.87 Low Jan 10
  • SUP 2: 134.37 Low Dec 8 and a key support
  • SUP 3: 133.42 Low Dec 4
  • SUP 4: 132.89 50.0% retracement of the Oct 4 - Dec 27 bull phase

Bund futures maintain a softer tone and the contract traded to a fresh short-term low on Wednesday. The recent move below the 20-day EMA risks a deeper correction, opening key support at the Dec 8 low of 134.37. Momentum studies are pointing south, highlighting the short-term bearish threat. On the upside, a resumption of gains would open 138.84, the Dec 27 high and a bull trigger. Initial resistance is at 135.98, the 20-day EMA.

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