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(M3) Bullish Theme Intact

BUND TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 140.00 Psychological round number
  • RES 3: 139.40 High Jan 18
  • RES 2: 139.00 Round number resistance
  • RES 1: 138.48 High Mar 17
  • PRICE: 137.85 @ 05:02 GMT Mar 20
  • SUP 1: 136.56 23.6% retracement of the rally from Mar 2
  • SUP 2: 135.73 Low Mar 16
  • SUP 3: 134.30 20-day EMA
  • SUP 4: 133.33 Low Mar 15

Bund futures traded higher Friday, breaching 138.00. The near-term outlook remains bullish following last week’s volatile activity. A continuation higher would pave the way for strength towards the 139.00 handle next. Key support to watch this week lies at the 20-day EMA. A reversal lower and a break of this support is required to signal scope for a deeper retracement. Initial support to watch is 136.56, a Fibonacci retracement.

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  • RES 4: 140.00 Psychological round number
  • RES 3: 139.40 High Jan 18
  • RES 2: 139.00 Round number resistance
  • RES 1: 138.48 High Mar 17
  • PRICE: 137.85 @ 05:02 GMT Mar 20
  • SUP 1: 136.56 23.6% retracement of the rally from Mar 2
  • SUP 2: 135.73 Low Mar 16
  • SUP 3: 134.30 20-day EMA
  • SUP 4: 133.33 Low Mar 15

Bund futures traded higher Friday, breaching 138.00. The near-term outlook remains bullish following last week’s volatile activity. A continuation higher would pave the way for strength towards the 139.00 handle next. Key support to watch this week lies at the 20-day EMA. A reversal lower and a break of this support is required to signal scope for a deeper retracement. Initial support to watch is 136.56, a Fibonacci retracement.