Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Bund Bottoms At Strong Support Of 159.85/75

Published 11/11/2016, 06:16 AM
Updated 07/09/2023, 06:31 AM

Bund Weekly Chart

Bund has so far bottomed exactly at strong support at 159.85/75 but we also have important strong support again at 159.65/60. Within this 25 tick band is the best chance of an end to the 3 month bull market correction. On the subject of big longer term levels, we have a 5.5 year trend line at 158.40/30... and funnily enough that is the 2015 low from the first day of the year at 158.33. (Levels in between are 159.15/10, less important 158.95/90 and more important 158.70. Load your weapons, good luck!)

Above 160.10/15 targets 160.35/39 then resistance at 160.59/64. If we can get through 160.70 look for 160.85/89 perhaps as far as resistance at 161.05/10. Bulls then need a push through the October low at 161.37.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.