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(M3) Approaching Support At The 20-Day EMA

BUND TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 140.30 High Mar 20 and the bull trigger
  • RES 3: 140.00 Round number resistance
  • RES 2: 137.85/139.54 High Mar 27 / 24
  • RES 1: 136.56 High Mar 28
  • PRICE: 135.54 @ 05:18 BST Mar 30
  • SUP 1: 135.57/45 20-day EMA / Low Mar 29
  • SUP 2: 134.80 Low Mar 22
  • SUP 3: 134.15 61.8% retracement of the Mar 2 - 20 rally
  • SUP 4: 133.33 Low Mar 15

Bund futures traded lower Wednesday as the contract extended the pullback from 139.54, the Mar 24 high. Price has tested a key support at the 20-day EMA which intersects at 135.57. It represents an important pivot level and a clear break of the average is required to signal scope for a deeper pullback. This would open 134.80, the Mar 22 low. On the upside, initial resistance is at Wednesday’s intraday high of 136.56.

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  • RES 4: 140.30 High Mar 20 and the bull trigger
  • RES 3: 140.00 Round number resistance
  • RES 2: 137.85/139.54 High Mar 27 / 24
  • RES 1: 136.56 High Mar 28
  • PRICE: 135.54 @ 05:18 BST Mar 30
  • SUP 1: 135.57/45 20-day EMA / Low Mar 29
  • SUP 2: 134.80 Low Mar 22
  • SUP 3: 134.15 61.8% retracement of the Mar 2 - 20 rally
  • SUP 4: 133.33 Low Mar 15

Bund futures traded lower Wednesday as the contract extended the pullback from 139.54, the Mar 24 high. Price has tested a key support at the 20-day EMA which intersects at 135.57. It represents an important pivot level and a clear break of the average is required to signal scope for a deeper pullback. This would open 134.80, the Mar 22 low. On the upside, initial resistance is at Wednesday’s intraday high of 136.56.