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(M4) Bearish Trend Condition

BUND TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 134.15 High Mar 8 and a bull trigger
  • RES 3: 133.48 High Mar 27
  • RES 2: 133.05 High Apr 12
  • RES 1: 131.32 20-day EMA
  • PRICE: 130.92 @ 04:59 BST Apr 30
  • SUP 1: 129.53 Low Apr 25
  • SUP 2: 129.26 1.618 proj of the Mar 8 - 18 - 27 price swing
  • SUP 3: 129.00 Round number support
  • SUP 4: 128.88 1.764 proj of the Mar 8 - 18 - 27 price swing

The trend outlook in Bund futures is unchanged and remains bearish. The latest recovery is considered corrective. The contract traded to fresh cycle lows last week, confirming once again a resumption of the downtrend. Key support at 131.23, the Feb 29 low, has also recently been cleared. Sights are on 129.26, a Fibonacci projection. On the upside, firm resistance is at 133.05, the Apr 12 high. First resistance to watch is at 131.32, the 20-day EMA.

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  • RES 4: 134.15 High Mar 8 and a bull trigger
  • RES 3: 133.48 High Mar 27
  • RES 2: 133.05 High Apr 12
  • RES 1: 131.32 20-day EMA
  • PRICE: 130.92 @ 04:59 BST Apr 30
  • SUP 1: 129.53 Low Apr 25
  • SUP 2: 129.26 1.618 proj of the Mar 8 - 18 - 27 price swing
  • SUP 3: 129.00 Round number support
  • SUP 4: 128.88 1.764 proj of the Mar 8 - 18 - 27 price swing

The trend outlook in Bund futures is unchanged and remains bearish. The latest recovery is considered corrective. The contract traded to fresh cycle lows last week, confirming once again a resumption of the downtrend. Key support at 131.23, the Feb 29 low, has also recently been cleared. Sights are on 129.26, a Fibonacci projection. On the upside, firm resistance is at 133.05, the Apr 12 high. First resistance to watch is at 131.32, the 20-day EMA.