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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: 134.89/136.01 20-day EMA / High Dec 12                
  • PRICE: 133.96 @ Close Dec 23
  • 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 trend cycle in Bund futures is unchanged, it remains bearish and the contract is trading at its recent lows. 133.98, 61.8% of the Nov 6 - Dec 2 bull cycle, has been breached, paving the way for a move towards 133.22, the 76.4% retracement level. First key resistance to watch is 134.89, the 20-day EMA. A clear breach of this average would signal a possible bullish 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: 134.89/136.01 20-day EMA / High Dec 12                
  • PRICE: 133.96 @ Close Dec 23
  • 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 trend cycle in Bund futures is unchanged, it remains bearish and the contract is trading at its recent lows. 133.98, 61.8% of the Nov 6 - Dec 2 bull cycle, has been breached, paving the way for a move towards 133.22, the 76.4% retracement level. First key resistance to watch is 134.89, the 20-day EMA. A clear breach of this average would signal a possible bullish reversal.