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(M3) Remains Above Support

  • RES 4: 140.73 High Jan 19 (cont) and a key resistance
  • RES 3: 140.30 High Mar 20 and the bull trigger
  • RES 2: 140.00 Round number resistance
  • RES 1: 139.54 High Mar 24
  • PRICE: 137.62 @ 05:08 GMT Mar 27
  • SUP 1: 137.35 Low Mar 24
  • SUP 2: 135.80 Low Mar 23
  • SUP 3: 135.33/134.80 20-day EMA / Low Mar 22
  • SUP 4: 134.15 61.8% retracement of the Mar 2 - 20 rally

Bund futures remain above 134.80, the Mar 22 low. A key support at the 20-day EMA, which intersects at 135.05 today, remains intact. A clear break of the average is required to signal scope for a deeper pullback. For now, the recent retracement down appears to have been a correction and attention is on the 140.00 handle and key resistance at 140.30, the Mar 20 high and a bull trigger.

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