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(M3) Impulsive Bull Run

BUND TECHS
  • RES 4: 138.79 High Feb 2 and a key resistance
  • RES 3: 1138.40 High Feb 3
  • RES 2: 138.00 Round number resistance
  • RES 1: 137.02 Intraday high
  • PRICE: 136.61 @ 09:46 GMT Mar 13
  • SUP 1: 135.45 High Feb 14
  • SUP 2: 134.34 High Feb 20
  • SUP 3: 134.00 Round number support
  • SUP 4: 133.17 Low Mar 13

Bund futures are rallying sharply higher this morning extending Friday’s gains. The contract is through a number of important retracement points and has also cleared the 136.00 handle. The contract has pierced 136.80, the 76.4% retracement of the Feb 2 - Mar 2 downleg. A clear break of this retracement would expose 138.00 and more importantly signal scope for a test of a key resistance at 138.79, the Feb 2 high.

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