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(M2) Remains Above Recent Lows

BUND TECHS
  • RES 4: 162.73 High Mar 14
  • RES 3: 161.81 High Mar 16
  • RES 2: 160.26/31/160.46 20-day EMA / High Mar 23
  • RES 1: 159.05 High Mar 28
  • PRICE: 158.28 @ 05:06 GMT Apr 4
  • SUP 1: 156.05/00 Low Mar 29 / Round number support
  • SUP 2: 155.70 Low Dec 7 2015 (cont)
  • SUP 3: 155.03 Low Dec 4 2015 (cont)
  • SUP 4: 154.81 Low Nov 9 2015 (cont)

S/T gains in Bunds are considered corrective - a correction is allowing an oversold condition to unwind. The trend remains down following recent weakness and the extension below 160.00. The continuation lower also confirmed a continuation of the broader bearish price sequence of lower lows and lower highs that has unfolded since Aug / Sep 2019. A resumption of weakness would open 156.00. Firm resistance is at 160.31, the Mar 23 high.

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