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(M3) Bull Trend Remains Intact

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: 140.47 76.4% retracement of the Dec 7 - Mar 9 bear leg (cont)
  • RES 1: 138.70/140.30 50.0% of Monday’s range / High Mar 20
  • PRICE: 138.33 @ 05:05 GMT Mar 21
  • SUP 1: 137.10 Low Mar 20
  • SUP 2: 135.73 Low Mar 16
  • SUP 3: 134.65 20-day EMA
  • SUP 4: 133.33 Low Mar 15

Bund futures traded higher Monday and started this week on a volatile note once again. The near-term outlook remains bullish. The 140.00 psychological handle has been pierced, a clear break would open 140.47, a Fibonacci retracement. Key support to watch this week lies at the 20-day EMA, at 134.65. A reversal lower and a break of this support is required to signal scope for a deeper retracement. Initial support is 137.10, Monday’s low.

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  • RES 4: 141.06 High Dec 14 (cont)
  • RES 3: 140.73 High Jan 19 (cont)
  • RES 2: 140.47 76.4% retracement of the Dec 7 - Mar 9 bear leg (cont)
  • RES 1: 138.70/140.30 50.0% of Monday’s range / High Mar 20
  • PRICE: 138.33 @ 05:05 GMT Mar 21
  • SUP 1: 137.10 Low Mar 20
  • SUP 2: 135.73 Low Mar 16
  • SUP 3: 134.65 20-day EMA
  • SUP 4: 133.33 Low Mar 15

Bund futures traded higher Monday and started this week on a volatile note once again. The near-term outlook remains bullish. The 140.00 psychological handle has been pierced, a clear break would open 140.47, a Fibonacci retracement. Key support to watch this week lies at the 20-day EMA, at 134.65. A reversal lower and a break of this support is required to signal scope for a deeper retracement. Initial support is 137.10, Monday’s low.