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(U1) Trend Conditions Remain Bullish

  • RES 4: 177.19 1.618 proj of the May 19 - Jun 11 - Jun 22 price swing
  • RES 3: 176.79 1.50 proj of the May 19 - Jun 11 - Jun 22 price swing
  • RES 2: 176.64 High Feb 11 (cont)
  • RES 1: 176.42 High Jul 26
  • PRICE: 175.89 @ 05:07 BST Jul 27
  • SUP 1: 175.24 Low Jul 22
  • SUP 2: 174.77/45 High Jul 8 / Low Jul 15
  • SUP 3: 173.70 Low Jul 13 and 14
  • SUP 4: 173.46 50-day EMA

Bund futures traded higher yesterday to register a fresh trend high print of 176.42 before pulling back. The move to new highs reinforces current bullish conditions and maintains the positive price sequence of higher highs and higher lows. An extension would signal scope for a climb towards 176.64 next, the Feb 11 high (cont). On the downside, initial support is seen at 175.24, Jul 22 low.

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