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(U0) Holding Onto Gains

BUND TECHS
  • RES 4: 178.01 High Jul 31, Aug 4 and key resistance
  • RES 3: 177.81 High Aug 6
  • RES 2: 177.67 High Aug 7
  • RES 1: 177.37 High Aug 21
  • PRICE: 177.22 @ 04:49 BST Aug 24
  • SUP 1: 176.39 Low Aug 19
  • SUP 2: 176.03 Low Aug 18
  • SUP 3: 175.25 Low Aug 14 and the bear trigger
  • SUP 4: 175.04 Low Jul 2

Bund futures are holding onto last week's gains. Futures traded higher Friday testing the 76.4%retracement of the Aug 4 - 14 sell-off at 177.36. With futures maintaining the recent strength, the risk is for a climb towards 177.67, Aug 7 high and 177.81, Aug 6 high. Clearance of this level would open 178.01, the late July and early Aug high and the primary resistance. Initial support is at 176.39, Aug 19 low.

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