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(Z0) Resumes Uptrend

BUND TECHS
  • RES 4: 174.93 0.764 projection of Aug 28 - Sep 3 rally from Sep 7 low
  • RES 3: 174.63 0.618 projection of Aug 28 - Sep 3 rally from Sep 7 low
  • RES 2: 174.51 High Aug 21
  • RES 1: 174.39 High Sep 8
  • PRICE: 174.30 @ 04:34 BST Sep 9
  • SUP 1: 173.94 Former channel top drawn off the Aug 4 high
  • SUP 2: 173.33 Low Sep 7 and key support
  • SUP 3: 172.35 Low Sep
  • SUP 4: 172.24 Low Aug 28 and major support

Bund futures traded higher yesterday registering a print above resistance at 174.34, Sep 3 high. The move higher reinforces the current bullish theme following last week's gains and breach of 174.12, the top of a bear channel drawn off the Aug 4 high. The focus is on 174.51, Aug 21 high. Clearance of this hurdle would open 175.08, Aug 4 high. Firm support is seen at 173.33, Monday's low.

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