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(M2) Trend Conditions Remain Bearish

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: 156.19/57.86 High Apr 11 / 20-day EMA
  • PRICE: 154.55 @ 05:01 BST Apr 19
  • SUP 1: 154.27 Low Apr 12
  • 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 futures are trading closer to recent lows. Conditions are unchanged and the primary trend remains down and moving average studies are in a bear mode. Furthermore, the broader bearish price sequence of lower lows and lower highs, remains intact. 156.00 has been cleared and this opens the 154.00 handle next. Short-term gains are considered corrective. Key trend resistance is at 159.79, the Apr 4 high.

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