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(M3) Trades Through The 20-Day EMA

BUND TECHS
  • RES 4: 140.30 High Mar 20 and the bull trigger
  • RES 3: 140.00 Round number resistance
  • RES 2: 139.54 High Mar 24
  • RES 1: 136.88/138.09 High Apr 11 / 6 and key near-term resistance
  • PRICE: 135.86 @ 05:26 BST Apr 12
  • SUP 1: 135.71/134.70 Low Apr 11 / Low Mar 31 and the bear trigger
  • SUP 2: 134.15 61.8% retracement of the Mar 2 - 20 rally
  • SUP 3: 133.33 Low Mar 15
  • SUP 4: 132.70 76.4% retracement of the Mar 2 - 20 rally

Bund futures traded lower Tuesday and the contract remains below last week’s high of 138.09 (Apr 6). Price is through the 20-day EMA, at 135.99 and a continuation lower would expose 134.70, the Mar 31 low and a bear trigger. For bulls, a move above 138.09 is required to reinstate the recent bullish theme and this would signal scope for gains above the 138.00 handle. Key resistance is still far off at 140.30, the Mar 20 high.

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