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(U1) Further Higher Highs

BUND TECHS
  • RES 4: 178.32 High Jan 27 (cont)
  • RES 3: 177.69 1.764 proj of the May 19 - Jun 11 - Jun 22 price swing
  • RES 2: 177.19 1.618 proj of the May 19 - Jun 11 - Jun 22 price swing
  • RES 1: 177.12 High Aug 03
  • PRICE: 176.99 @ 16:20 BST Aug 03
  • SUP 1: 175.82/24 Low Jul 27 / Low Jul 22
  • SUP 2: 174.77/45 High Jul 8 / Low Jul 15
  • SUP 3: 173.79 50-day EMA
  • SUP 4: 173.70 Low Jul 13 and 14

Bund futures rallied further Tuesday, extending the current winning streak to touch the best levels since early February. The current bullish sequence of higher highs and higher lows remains intact and this signals scope for a climb towards 177.19 next, a Fibonacci extension. Moving average conditions remain in bull mode, reinforcing the current positive trend structure. On the downside, initial firm support is seen at 175.24, Jul 22 low.

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