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BUND TECHS: (H5) Bear Cycle Remains Intact

BUND TECHS
Fixed Income Technical AnalysisCredit BulletsBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 137.72 High Oct 1 and a key resistance           
  • RES 3: 137.28 High Oct 2
  • RES 2: 136.52/137.18 High Dec 6 / 2 and the bull trigger
  • RES 1: 135.11/136.01 20-day EMA / High Dec 12                
  • PRICE: 133.88 @ 05:49 GMT Dec 20
  • SUP 1: 133.72 Low Dec 19  
  • SUP 2  133.62 Low Nov 22              
  • SUP 3: 133.22 76.4% retracement of the Nov 6 - Dec 2 bull cycle
  • SUP 4: 132.95 Low Nov 18    

The current bearish cycle in Bund futures remains in play and the contract has traded lower this week. 133.98, 61.8% of the Nov 6 - Dec 2 bull cycle, has been pierced. A clear break of this price point would signal scope for a move towards 133.22, the 76.4% retracement level. First key resistance to watch is 135.11, the 20-day EMA. A move above this level would signal a possible reversal.

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  • RES 4: 137.72 High Oct 1 and a key resistance           
  • RES 3: 137.28 High Oct 2
  • RES 2: 136.52/137.18 High Dec 6 / 2 and the bull trigger
  • RES 1: 135.11/136.01 20-day EMA / High Dec 12                
  • PRICE: 133.88 @ 05:49 GMT Dec 20
  • SUP 1: 133.72 Low Dec 19  
  • SUP 2  133.62 Low Nov 22              
  • SUP 3: 133.22 76.4% retracement of the Nov 6 - Dec 2 bull cycle
  • SUP 4: 132.95 Low Nov 18    

The current bearish cycle in Bund futures remains in play and the contract has traded lower this week. 133.98, 61.8% of the Nov 6 - Dec 2 bull cycle, has been pierced. A clear break of this price point would signal scope for a move towards 133.22, the 76.4% retracement level. First key resistance to watch is 135.11, the 20-day EMA. A move above this level would signal a possible reversal.