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(M2) Clears The Psychological 160.00 Handle

BUND TECHS
  • RES 4: 165.29 High Mar 9
  • RES 3: 164.43 High Mar 10
  • RES 2: 162.95 20-day EMA
  • RES 1: 162.05/73 High Mar 15 / Mar 14
  • PRICE: 159.53 @ 05:12 GMT Mar 22
  • SUP 1: 159.19 Low Nov 8 2018 (cont)
  • SUP 2: 158.84 Low Oct 22 2018 (cont)
  • SUP 3: 157.92 150.0% retracement of the Feb 10 - Mar 7 rally
  • SUP 4: 157.33 Low Oct 10 2018 (cont)

Bunds have resumed their downtrend again today. Yesterday the contract traded through last week’s low of 161.56. The break lower has also resulted in a break of the psychological 160.00 handle. The continuation lower confirms an extension of the broader bearish price sequence of lower lows and lower highs that has unfolded since Aug / Sep 2019. The focus is on 159.19, the Nov 8 2018 low (cont). Resistance is at 162.05.

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