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(U2) Fresh Cycle Low

BUND TECHS
Fixed Income Technical Analysismarkets-real-timeBulletMarketsFixed Income
  • RES 4: 150.97 Low May 9
  • RES 3: 148.92 20-day EMA
  • RES 2: 147.19/148.51 High Jun 13 / High Jun 10
  • RES 1: 145.58 High Jun 14
  • PRICE: 143.84 @ 05:05 BST Jun 17
  • SUP 1: 140.67 Low Jun 16
  • SUP 2: 140.00 Psychological round number
  • SUP 3: 138.68 Low Jan 2 2014 (cont)
  • SUP 4: 138.33 3.00 proj of the Apr 28 - May 9 - 12 price swing

Bund futures traded in a volatile manner on Thursday. The trend remains down. Price has recently cleared 150.97, May 9 low, and the 150.00 handle. This marked a resumption of the downtrend and maintains a bearish price sequence of lower lows and lower highs. Bears haven’t looked back and fresh lows yesterday reinforce current conditions. The focus is on the 140.00 psychological level. Firm resistance is at 148.92, the 20-day EMA.

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  • RES 4: 150.97 Low May 9
  • RES 3: 148.92 20-day EMA
  • RES 2: 147.19/148.51 High Jun 13 / High Jun 10
  • RES 1: 145.58 High Jun 14
  • PRICE: 143.84 @ 05:05 BST Jun 17
  • SUP 1: 140.67 Low Jun 16
  • SUP 2: 140.00 Psychological round number
  • SUP 3: 138.68 Low Jan 2 2014 (cont)
  • SUP 4: 138.33 3.00 proj of the Apr 28 - May 9 - 12 price swing

Bund futures traded in a volatile manner on Thursday. The trend remains down. Price has recently cleared 150.97, May 9 low, and the 150.00 handle. This marked a resumption of the downtrend and maintains a bearish price sequence of lower lows and lower highs. Bears haven’t looked back and fresh lows yesterday reinforce current conditions. The focus is on the 140.00 psychological level. Firm resistance is at 148.92, the 20-day EMA.