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(U2) Remains Below Last Week’s Highs

BUND TECHS
  • RES 4: 152.28 76.4% retracement of the May 12 - Jun 16 bear leg
  • RES 3: 150.67 50-day EMA
  • RES 2: 150.06 61.8% retracement of the May 12 - Jun 16 bear leg
  • RES 1: 147.82/49.00 High Jun 27/24
  • PRICE: 146.58 @ 04:54 BST Jun 30
  • SUP 1: 144.72 Low Jun 28
  • SUP 2: 142.56/140.67 Low Jun 17 / Low Jun 16 and bear trigger
  • SUP 3: 140.00 Psychological round number
  • SUP 4: 138.68 Low Jan 2 2014 (cont)

Bund futures continue to trade below recent highs. From a short-term perspective, a bullish corrective cycle is potentially still in play. Gains last week resulted in a breach of the 20-day EMA and a resumption of strength would signal scope for a climb towards 150.06, a Fibonacci retracement. On the downside, initial firm support to watch is 142.56, Jun 17 low. The bear trigger is 140.67.

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  • RES 4: 152.28 76.4% retracement of the May 12 - Jun 16 bear leg
  • RES 3: 150.67 50-day EMA
  • RES 2: 150.06 61.8% retracement of the May 12 - Jun 16 bear leg
  • RES 1: 147.82/49.00 High Jun 27/24
  • PRICE: 146.58 @ 04:54 BST Jun 30
  • SUP 1: 144.72 Low Jun 28
  • SUP 2: 142.56/140.67 Low Jun 17 / Low Jun 16 and bear trigger
  • SUP 3: 140.00 Psychological round number
  • SUP 4: 138.68 Low Jan 2 2014 (cont)

Bund futures continue to trade below recent highs. From a short-term perspective, a bullish corrective cycle is potentially still in play. Gains last week resulted in a breach of the 20-day EMA and a resumption of strength would signal scope for a climb towards 150.06, a Fibonacci retracement. On the downside, initial firm support to watch is 142.56, Jun 17 low. The bear trigger is 140.67.