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(M4) Bullish Reversal

BUND TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 133.05 High Apr 12
  • RES 3: 132.89 38.2% retracement of the Dec 27 - Apr 25 bear cycle
  • RES 2: 132.55 High Apr 15
  • RES 1: 132.11 High Apr 16
  • PRICE: 131.40 @ 05:23 BST May 17
  • SUP 1: 131.17 20-day EMA
  • SUP 2: 130.24 Low May 14 and a key short-term support
  • SUP 3: 129.83 Low Apr 30
  • SUP 4: 129.53 Low Apr 25 and a bear trigger

Bund futures maintain a firmer tone. The contract traded sharply higher Wednesday and in the process moved through the 20- and 50-day EMAs and breached a key short-term resistance at 131.86, the May 7 high. This highlights a potential reversal and signals scope for a climb towards 132.89, a Fibonacci retracement. Initial key support has been defined at 130.24, the May 14 low.

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  • RES 4: 133.05 High Apr 12
  • RES 3: 132.89 38.2% retracement of the Dec 27 - Apr 25 bear cycle
  • RES 2: 132.55 High Apr 15
  • RES 1: 132.11 High Apr 16
  • PRICE: 131.40 @ 05:23 BST May 17
  • SUP 1: 131.17 20-day EMA
  • SUP 2: 130.24 Low May 14 and a key short-term support
  • SUP 3: 129.83 Low Apr 30
  • SUP 4: 129.53 Low Apr 25 and a bear trigger

Bund futures maintain a firmer tone. The contract traded sharply higher Wednesday and in the process moved through the 20- and 50-day EMAs and breached a key short-term resistance at 131.86, the May 7 high. This highlights a potential reversal and signals scope for a climb towards 132.89, a Fibonacci retracement. Initial key support has been defined at 130.24, the May 14 low.