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(Z0) Corrective Pullback

BUND TECHS
  • RES 4: 176.94 High Sep 8 (cont)
  • RES 3: 176.57 1.618 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 2: 176.32 1.500 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 1: 176.29 High Oct 16 and the bull trigger
  • PRICE: 175.54 @ 04:56 BST Oct 21
  • SUP 1: 175.35 Low Oct 15
  • SUP 2: 175.08 High Aug 4 and recent breakout level
  • SUP 3: 175.01 20-day EMA
  • SUP 4: 174.49 50-day EMA

Bund gains have stalled with key resistance defined at 176.29, Oct 16 high. The pullback this week is considered a correction following recent sharp gains. Attention turns to the next support at 175.35, Oct 15 low and 175.08, Aug 4 high and the recent breakout level. The 20-day EMA intersects at 175.01. On the upside, clearance of 176.29, the bull trigger, would confirm a resumption of the uptrend and open 176.32/57, Fibonacci projections.

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