GERMAN BUND FUT. Price Technical Analysis – 16 September 2022
16 Sep 2022
GERMAN BUND FUT. Price Technical Analysis: Weekly Chart
In the weekly charts, GERMAN BUND FUT. is trading in down channel. GERMAN BUND FUT. is currently trading below all SMA.
RSI is in the selling zone which indicates bearishness.
MACD is currently below zero which indicates bearishness.Its immediate support is 140.65 & the resistance level is at 146.63.
GERMAN BUND FUT. will trade in down channel until there is trend reversal.
GERMAN BUND FUT. Price Technical Analysis: Daily Chart
In the daily charts, GERMAN BUND FUT. is trading in down channel. GERMAN BUND FUT. is currently trading below all SMA.
RSI is in the oversold zone which indicates mild bullishness.
MACD is currently below zero which indicates bearishness. The nearest support is 142.26 & the resistance is at 144.21.
GERMAN BUND FUT. will trade in down channel until there is trend reversal.
How to Trade GERMAN BUND FUT. this Week:
GERMAN BUND FUT. will follow the downtrend until their trend reversal. So, remain bearish on GERMAN BUND FUT.