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(M2) Another Fresh Cycle Low

BUND TECHS
  • RES 4: 161.81 High Mar 16
  • RES 3: 160.31 High Mar 23
  • RES 2: 159.79 High Apr 4 and key short-term resistance
  • RES 1: 157.87/58.74 High Apr 7 / 20-day EMA
  • PRICE: 154.77 @ 05:03 BST Apr 12
  • SUP 1: 154.61 Intraday low
  • SUP 2: 154.00 Round number support
  • SUP 3: 153.48 0.50 proj of the Mar 7 - 29 - Apr 4 price swing
  • SUP 4: 152.65 Low Sep 1 2015 (cont)

Bunds maintain a softer tone and have again traded to a fresh cycle low. The primary trend remains down. Moving average studies are in a bear mode and a broader bearish price sequence of lower lows and lower highs, that has unfolded since Aug / Sep 2019, remains intact. 156.00 has been cleared and this opens the 154.00 handle next. Key short-term trend resistance is at 159.79, the Apr 4 high.

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