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(U2) Uptrend Remains Intact

BUND TECHS
  • RES 4: 155.01 1.236 projection of the Jun 16 - 24 - 28 price swing
  • RES 3: 154.65 High May 27
  • RES 2: 154.00 Round number
  • RES 1: 153.48 High Jul 12
  • PRICE: 152.37 @ 05:08 BST Jul 14
  • SUP 1: 149.75 Low Jul 11
  • SUP 2: 148.24 Low Jul 1
  • SUP 3: 146.50 Low Jun 30
  • SUP 4: 144.72 Low Jun 28 and a key support

Bund futures remain in an uptrend following Tuesday’s high print above resistance at 152.92, the Jul 6 high. This confirmed a resumption of the bull cycle. The break higher also maintains the bullish price sequence of higher highs and higher lows and attention is on the 154.00 handle next ahead of 154.65, the May 27 high. Key short-term support has been defined at 149.75, the July 11 low.

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