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(M3) Continues To Appreciate

BUND TECHS
  • RES 4: 140.00 Psychological round number
  • RES 3: 138.40 High Feb 2
  • RES 2: 138.00 Round number resistance
  • RES 1: 137.74 Intraday high
  • PRICE: 137.53 @ 13:21 GMT Mar 15
  • SUP 1: 136.22 High Feb 9
  • SUP 2: 135.45 High Feb 14
  • SUP 3: 134.30 High Feb 24
  • SUP 4: 133.33 Intraday low and a key short-term support

Bund futures continue to appreciate and the contract has traded through resistance at 137.24, Monday’s high. A clear break of this hurdle would pave the way for strength towards 138.00 next. Today’s gains leave support 133.19 intact, the 20-day EMA. A reversal lower and a break of this support is required to signal scope for a deeper retracement. For now though the outlook remains bullish and volatile.

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