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(M2) 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: 157.87/59.13 High Apr 7 / 20-day EMA
  • PRICE: 157.01 @ 04:56 BST Apr 8
  • SUP 1: 155.44 Intraday low
  • SUP 2: 155.03 Low Dec 4 2015 (cont)
  • SUP 3: 154.97 0.382 proj of the Mar 7 - 29 - Apr 4 price swing
  • SUP 4: 153.48 0.50 proj of the Mar 7 - 29 - Apr 4 price swing

Bunds have started the week on a softer note and have 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 155.03 next, the Dec 4 2015 low (cont). Firm resistance is at 159.79, the Apr 4 high.

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