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(Z1) Bullish Focus

BUND TECHS
  • RES 4: 173.93 High Aug 25
  • RES 3: 173.54 High Aug 31
  • RES 2: 172.95 76.4% retracement of the Aug - Nov sell-off
  • RES 1: 172.71 High Nov 30
  • PRICE: 172.38 @ 05:14 GMT Dec 2
  • SUP 1: 171.14/170.31 Low Nov 26 / Low Nov 24
  • SUP 2: 170.06 Low Nov 5 and key near-term support
  • SUP 3: 168.98 Low Nov 3
  • SUP 4: 167.69 Low Nov 1 and the bear trigger

Bund futures are holding onto recent gains and remain above recent lows. Key support has been defined at 170.31, Nov 24 low and trend conditions remain bullish. The break on Nov 19 of the 171.95 - 61.8% of the Aug - Nov sell-off opens 172.95, the 76.4% retracement. Resistance at 172.57, Nov 22 high was probed yesterday, a clear break would confirm a resumption of the uptrend. Sub 170.31 levels would threaten the trend.

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