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(Z0) Eyeing Key Resistance

BUND TECHS
  • RES 4: 175.74 1.236 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 3: 175.23 1.000 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 2: 175.08 High Aug 4 and the bull trigger
  • RES 1: 174.97 High Oct 2
  • PRICE: 174.63 @ 04:55 BST Oct 5
  • SUP 1: 174.17 Low Oct 1 and the key near-term support
  • SUP 2: 173.74 Low Sep 17
  • SUP 3: 173.54 Low Sep 11
  • SUP 4: 173.06 Sep 10 low and the reversal trigger

Bund futures outlook remains bullish and attention is on the next key hurdle at 175.08, Aug 4 high. A bullish theme dominates following the recent break of 174.51, Aug 21 and Sep 9 high. Furthermore, moving average studies remain in a bull mode highlighting a positive outlook. Clearance of 175.08 would reinforce these conditions and open 175.23, a Fibonacci projection. Initial firm support is at 174.17, Oct 1 low.

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