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(U4) Continues To Appreciate

BUND TECHS
Credit BulletsBulletHomepagemarkets-real-timeCredit
  • RES 4: 135.88 High Feb 2 (cont)
  • RES 3: 135.00 Round number resistance
  • RES 2: 134.78 2.382 projection of the May 31 - Jun 5 - 1 price swing
  • RES 1: 134.64 Intraday high
  • PRICE: 134.45 @ 05:44 BST Aug 2
  • SUP 1: 133.36 Low Jul 31
  • SUP 2: 132.59 20-day EMA
  • SUP 3: 132.11/131.62 50-day EMA / Low Jul 22 and a key support
  • SUP 4: 131.39 Low Jul 15

A bull cycle in Bund futures remains in play and the contract has traded higher this week. The move has resulted in a break above 133.21, the Jun 14 high and a bull trigger. Clearance of this level confirms a resumption of the uptrend note that the 134.00 handle has been cleared. Sights are on 134.78, a Fibonacci projection. First key support is 132.59, the 20-day EMA. A pullback would be considered corrective.

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  • RES 4: 135.88 High Feb 2 (cont)
  • RES 3: 135.00 Round number resistance
  • RES 2: 134.78 2.382 projection of the May 31 - Jun 5 - 1 price swing
  • RES 1: 134.64 Intraday high
  • PRICE: 134.45 @ 05:44 BST Aug 2
  • SUP 1: 133.36 Low Jul 31
  • SUP 2: 132.59 20-day EMA
  • SUP 3: 132.11/131.62 50-day EMA / Low Jul 22 and a key support
  • SUP 4: 131.39 Low Jul 15

A bull cycle in Bund futures remains in play and the contract has traded higher this week. The move has resulted in a break above 133.21, the Jun 14 high and a bull trigger. Clearance of this level confirms a resumption of the uptrend note that the 134.00 handle has been cleared. Sights are on 134.78, a Fibonacci projection. First key support is 132.59, the 20-day EMA. A pullback would be considered corrective.