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(M4) Support Holding For Now

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: 131.54/132.11 50-day EMA / High Apr 16 and the bull trigger
  • PRICE: 130.49 @ 05:30 BST May 23
  • SUP 1: 130.30 Low May 22
  • 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 continue to trade below the May 16 high. The rally on May 15 resulted in a print above the 50-day EMA and was followed by a breach of a key resistance at 131.86, the May 7 high. In order to strengthen a bullish condition, the contract needs to trade above 132.11, the May 16 high. For bears, a breach of support at 130.24, the May 14 low, would instead be a bearish development and expose key support at 129.53, the Apr 25 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: 131.54/132.11 50-day EMA / High Apr 16 and the bull trigger
  • PRICE: 130.49 @ 05:30 BST May 23
  • SUP 1: 130.30 Low May 22
  • 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 continue to trade below the May 16 high. The rally on May 15 resulted in a print above the 50-day EMA and was followed by a breach of a key resistance at 131.86, the May 7 high. In order to strengthen a bullish condition, the contract needs to trade above 132.11, the May 16 high. For bears, a breach of support at 130.24, the May 14 low, would instead be a bearish development and expose key support at 129.53, the Apr 25 low.