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(M3) Bullish Outlook

BUND TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 136.70 38.2% retracement of the Mar 20 - Apr 19 bear leg
  • RES 3: 136.00 Round number resistance
  • RES 2: 135.85 38.2% retracement of the Mar 20 - Apr 19 bear leg
  • RES 1: 135.74 High Apr 26
  • PRICE: 134.73 @ 05:12 BST May 2
  • SUP 1: 133.64/133.10 Low Apr 28 / 19 and the bear trigger
  • SUP 2: 132.70 76.4% retracement of the Mar 2 - 20 rally
  • SUP 3: 132.37 Low Mar 10
  • SUP 4: 132.00 Round number support

Bund futures recovered Friday, reinforcing a short-term bullish condition. A resumption of gains would signal scope for a climb towards 135.85, a Fibonacci retracement and the 136.00 handle. On the downside, key short-term support lies at the Apr 19 low of 133.10. This is the bear trigger and a break would instead reinstate the recent bearish theme for a move towards 132.70, a Fibonacci retracement.

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  • RES 4: 136.70 38.2% retracement of the Mar 20 - Apr 19 bear leg
  • RES 3: 136.00 Round number resistance
  • RES 2: 135.85 38.2% retracement of the Mar 20 - Apr 19 bear leg
  • RES 1: 135.74 High Apr 26
  • PRICE: 134.73 @ 05:12 BST May 2
  • SUP 1: 133.64/133.10 Low Apr 28 / 19 and the bear trigger
  • SUP 2: 132.70 76.4% retracement of the Mar 2 - 20 rally
  • SUP 3: 132.37 Low Mar 10
  • SUP 4: 132.00 Round number support

Bund futures recovered Friday, reinforcing a short-term bullish condition. A resumption of gains would signal scope for a climb towards 135.85, a Fibonacci retracement and the 136.00 handle. On the downside, key short-term support lies at the Apr 19 low of 133.10. This is the bear trigger and a break would instead reinstate the recent bearish theme for a move towards 132.70, a Fibonacci retracement.