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(U3) Key Short-Term Resistance Defined At 135.00

BUND TECHS
  • RES 4: 136.50 High May 11
  • RES 3: 135.85 High Jun 1 and key short-term resistance
  • RES 2: 135.61 High Jun 2
  • RES 1: 135.00 High Jun 27
  • PRICE: 133.56 @ 05:20 BST Jun 30
  • SUP 1: 133.33/132.47 Low Jun 29 / Low Jun 22
  • SUP 2: 132.12 Low May 26 and key support
  • SUP 3: 131.89 1.00 projection of the Jun 1 - 8 - 12 price swing
  • SUP 4: 131.21 1.236 projection of the Jun 1 - 8 - 12 price swing

Bund futures faced resistance Thursday and the contract remains below this week’s high of 135.00 (Jun 27). The contract has this week breached resistance at 134.77, the Jun 12 high. A stronger recovery would open 135.85, the Jun 1 high. 135.00 is the first key resistance. For bears, the pullback highlights potential for a move lower towards key support and the bear trigger at 132.12, the May 26 low.

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