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(U2) Trend Condition Remains Bullish

BUND TECHS
  • RES 4: 161.38 2.00 projection of the Jun 16 - 24 - 28 price swing
  • RES 3: 160.00 Round number resistance
  • RES 2: 159.79 High Apr 4 (cont)
  • RES 1: 159.70 High Aug 3
  • PRICE: 157.29 @ 04:53 BST Aug 4
  • SUP 1: 156.21/154.44 Low Jul 29 / 20-day EMA
  • SUP 2: 152.79 50-day EMA
  • SUP 3: 149.69 Low Jul 21 and key short-term support
  • SUP 4: 148.24 Low Jul 1

Bund futures maintain a bullish tone and a fresh trend high earlier this week reinforces current short-term conditions. The move higher confirmed a resumption of the uptrend and maintains the bullish price sequence of higher highs and higher lows. Scope is seen for a climb to 159.79 next, the Apr 4 high (cont). Key trend support has been defined at 149.69, Jul 21 low. A break is required to signal a potential top. Initial firm support is 154.44.

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