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(Z3) Breaches Support

BUND TECHS
  • RES 4: 132.91 High Aug 8
  • RES 3: 132.78 High Sep 1
  • RES 2: 131.82 High Sep 4
  • RES 1: 131.53 20-day EMA
  • PRICE: 130.94 @ 05:15 BST Sep 6
  • SUP 1: 130.71 Low Aug 23
  • SUP 2: 129.93 Low Aug 21
  • SUP 3: 129.72 Low Aug 15 and key support
  • SUP 4: 129.30 1.00 proj of the Jul 19 - Aug 4 - Aug 8 price swing

Bund futures Traded lower Tuesday. This has resulted in a break of support at 131.18, the Aug 28 low. The move lower undermines the recent bullish theme and signals scope for a deeper retracement. The next support to watch lies at 130.71, the Aug 23 low. Clearance of this level would expose 129.72, the Aug 15 low and a key support. Key resistance is at 132.91, the Aug 8 high.

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