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(M3) Retracement Mode

BUND TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • 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: 134.12 @ 13:50 GMT Mar 14
  • SUP 1: 133.80 50.0% retracement of the Mar 2 - 13 rally
  • SUP 2: 133.11 20-day EMA
  • SUP 3: 132.37 Low Mar 10
  • SUP 4: 131.07 Low Mar 9

Bund futures continue to move in a downward direction today as price retraces yesterday’s rally. The next support is 133.80, a Fibonacci retracement. Yesterday, the contract cleared a number of important retracement points and breached 136.00. Price also pierced 136.80, 76.4% of the Feb 2 - Mar 2 downleg. A clear break of this level would expose 138.00 and signal scope for a test of a key resistance at 138.79, the Feb 2 high.

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  • 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: 134.12 @ 13:50 GMT Mar 14
  • SUP 1: 133.80 50.0% retracement of the Mar 2 - 13 rally
  • SUP 2: 133.11 20-day EMA
  • SUP 3: 132.37 Low Mar 10
  • SUP 4: 131.07 Low Mar 9

Bund futures continue to move in a downward direction today as price retraces yesterday’s rally. The next support is 133.80, a Fibonacci retracement. Yesterday, the contract cleared a number of important retracement points and breached 136.00. Price also pierced 136.80, 76.4% of the Feb 2 - Mar 2 downleg. A clear break of this level would expose 138.00 and signal scope for a test of a key resistance at 138.79, the Feb 2 high.