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(M4) Bear Trigger Remains Exposed

BUND TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 132.89 38.2% retracement of the Dec 27 - Apr 25 bear cycle
  • RES 3: 132.55 High Apr 15
  • RES 2: 131.41/132.11 50-day EMA / High May 16 and the bull trigger
  • RES 1: 130.81 20-day EMA
  • PRICE: 130.14 @ 05:39 BST May 27
  • SUP 1: 129.63 Low May 24
  • SUP 2: 129.53 Low Apr 25 and a bear trigger
  • SUP 3: 129.26 1.618 proj of the Mar 8 - 18 - 27 price swing
  • SUP 4: 128.42 Low Nov 1 ‘23 (cont)

The bear cycle in Bund futures that started off the May 16 high of 132.11, remains in play The extension lower has exposed the key support and bear trigger at 129.53, the Apr 25 low. A break of this level would confirm a resumption of the downtrend that started late December last year. This would open 129.26, a Fibonacci projection. For bulls, clearance of 132.11, is required to reinstate a bullish theme and signal a possible reversal.

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  • RES 4: 132.89 38.2% retracement of the Dec 27 - Apr 25 bear cycle
  • RES 3: 132.55 High Apr 15
  • RES 2: 131.41/132.11 50-day EMA / High May 16 and the bull trigger
  • RES 1: 130.81 20-day EMA
  • PRICE: 130.14 @ 05:39 BST May 27
  • SUP 1: 129.63 Low May 24
  • SUP 2: 129.53 Low Apr 25 and a bear trigger
  • SUP 3: 129.26 1.618 proj of the Mar 8 - 18 - 27 price swing
  • SUP 4: 128.42 Low Nov 1 ‘23 (cont)

The bear cycle in Bund futures that started off the May 16 high of 132.11, remains in play The extension lower has exposed the key support and bear trigger at 129.53, the Apr 25 low. A break of this level would confirm a resumption of the downtrend that started late December last year. This would open 129.26, a Fibonacci projection. For bulls, clearance of 132.11, is required to reinstate a bullish theme and signal a possible reversal.