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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: 137.24 High Mar 13
  • PRICE: 135.74 @ 04:47 GMT Mar 14
  • SUP 1: 135.45 High Feb 14
  • SUP 2: 134.61 38.2% retracement of the Mar 2 - 13 rally
  • SUP 3: 133.80 50.0% retracement of the Mar 2 - 13 rally
  • SUP 4: 133.11 20-day EMA

Bund futures rallied sharply higher Monday, extending Friday’s gains. The contract is through a number of important retracement points and has also cleared the 136.00 handle. Price has also 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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