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(Z0) Still Eyeing Resistance

BUND TECHS
  • RES 4: 175.23 1.000 proj of Aug 28 - Sep 9 rally from the Sep 10 low
  • RES 3: 175.08 High Aug 4 and the bull trigger
  • RES 2: 174.93 High Aug 6
  • RES 1: 174.85 High Sep 21
  • PRICE: 174.63 @ 04:48 BST Sep 29
  • SUP 1: 174.16 Low Sep 25
  • SUP 2: 173.74 Low Sep 17 and key near-term support
  • SUP 3: 173.54 Low Sep 11
  • SUP 4: 173.06 Sep 10 low and the reversal trigger

Bund futures are trading closer to the upper end of the recent range. The contract maintains a firmer posture with the focus on 107.85, Sep 21 high. A bullish theme follows the recent breach of 174.51, Aug 21 and Sep 9 high. This confirmed a resumption of the uptrend in place since Aug 28 and paves the way for a test of 175.08, Aug 4 high. Clearance of this level would open 175.23, a Fibonacci projection. Firm support is at 173.74, Sep 17 low.

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