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(Z0) Extends Gains

BUND TECHS
  • RES 4: 176.06 1.382 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 3: 176.00 round number resistance
  • RES 2: 175.74 1.236 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 1: 175.50 High Oct 14
  • PRICE: 175.49 @ 04:53 BST Oct 15
  • SUP 1: 175.04 Low Oct 14
  • SUP 2: 174.54 20-day EMA
  • SUP 3: 173.93 Low Oct 7 and the key support
  • SUP 4: 173.74 Low Sep 17

Bund futures maintain a positive tone. The contract has traded higher this week having found support last week at 173.93, Oct 7 low. Futures have cleared resistance at 174.97, Oct 2 high and more importantly, the key level at 175.08, Aug 4 high. This confirms a resumption of the broader uptrend and opens 175.74 next, a Fibonacci projection. Support lies at 175.04, yesterday's low.

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