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(M2) Approaching The Bear Trigger

BUND TECHS
  • RES 4: 157.87 High Apr 7
  • RES 3: 157.29 High Apr 8
  • RES 2: 156.00 High Apr 28
  • RES 1: 153.21/155.33 20-day EMA / High May 12
  • PRICE: 150.96 @ 05:12 BST June 2
  • SUP 1: 150.49 Low May 9 and the bear trigger
  • SUP 2: 150.15 0.764 proj of the Mar 7 - 29 - Apr 4 price swing
  • SUP 3: 150.00 Psychological round number
  • SUP 4: 149.49 Low Jul 13 2015 (cont)

Bund futures maintain this week’s softer tone - support at 151.89, May 18 low, has been breached. The primary trend direction is down. Fresh cycle lows in April and May, maintained the price sequence of lower lows and lower highs. Moving average studies are in a bear mode condition, reinforcing the current trend condition. A continuation lower would open 150.49, the bear trigger and May 9 low. Firm trend resistance is 155.33, the May 12 high.

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