Trial now
GBPUSD TECHS

Remains Under Pressure

EURUSD TECHS

Bear Cycle Extension

US TSY OPTIONS

30Y Put

COMMODITIES

Oil Bounces, Eyes Iran Poll and Gulf Weather

US EURODLR FUTURES

Large Red Sep'22 Sale

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

  • RES 4: 172.12 High Apr 8
  • RES 3: 171.62 High Apr 14
  • RES 2: 171.19/27 50-day EMA / High Apr 22
  • RES 1: 170.55/98 20-day EMA / High Apr 7
  • PRICE: 168.93 @ 16:51 BST May 12
  • SUP 1: 168.91 Low May 12
  • SUP 2: 168.52 Low Mar 20, 2020 (cont)
  • SUP 3: 168.39 1.0% 10-dma envelope
  • SUP 4: 168.09 0.764 proj of the Jan 27 - Feb 25 - Mar 25 price swing

Bund futures fell further post-US CPI data, hitting new 2021 lows and further cementing the resumption of bearish activity. This week's sell-off resulted in a breach of support at 169.47, May 3 low as well as 169.24, Feb 24 low, opening further losses below 169.00. Vol band support undercuts at 168.39 going forward, but the outlook is bleak. A key short-term resistance has been defined at 170.98, Apr 7 high.