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(M3) Approaching Key Support

BUND TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 141.06 High Dec 14 (cont)
  • RES 3: 140.73 High Jan 19 (cont)
  • RES 2: 139.00/140.30 Round number resistance / High Mar 20
  • RES 1: 137.15/138.42 50.0% of Tuesday’s sell-off / High Mar 21
  • PRICE: 135.95 @ 05:01 GMT Mar 22
  • SUP 1: 135.73 Low Mar 16
  • SUP 2: 134.78 20-day EMA
  • SUP 3: 134.15 61.8% retracement of the Mar 2 - 20 rally
  • SUP 4: 133.33 Low Mar 15

Bund futures traded lower Tuesday as price extends the reversal from Monday’s high of 140.30. For now, the retracement is considered corrective and is allowing a recent overbought condition to unwind. The next support lies at 135.73, the Mar 16 low ahead of the key short-term support at 134.78, the 20-day EMA. A break of the 20-day EMA would highlight a stronger reversal. Initial resistance is at 138.42, Tuesday’s intraday high.

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  • RES 4: 141.06 High Dec 14 (cont)
  • RES 3: 140.73 High Jan 19 (cont)
  • RES 2: 139.00/140.30 Round number resistance / High Mar 20
  • RES 1: 137.15/138.42 50.0% of Tuesday’s sell-off / High Mar 21
  • PRICE: 135.95 @ 05:01 GMT Mar 22
  • SUP 1: 135.73 Low Mar 16
  • SUP 2: 134.78 20-day EMA
  • SUP 3: 134.15 61.8% retracement of the Mar 2 - 20 rally
  • SUP 4: 133.33 Low Mar 15

Bund futures traded lower Tuesday as price extends the reversal from Monday’s high of 140.30. For now, the retracement is considered corrective and is allowing a recent overbought condition to unwind. The next support lies at 135.73, the Mar 16 low ahead of the key short-term support at 134.78, the 20-day EMA. A break of the 20-day EMA would highlight a stronger reversal. Initial resistance is at 138.42, Tuesday’s intraday high.