GERMAN BUND FUT. Price Technical Analysis: Weekly Chart

In the weekly charts, GERMAN BUND FUT. was trading in up 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 144.76 & the resistance level is at 149.52.

GERMAN BUND FUT. was trading in up channel before there is breakout downside.

GERMAN BUND FUT. Price Technical Analysis: Daily Chart

In the daily charts, GERMAN BUND FUT. was 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 146.48 & the resistance is at 147.87.

GERMAN BUND FUT. was trading in down channel before there is breakout downside.

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.

TRADE SUGGESTION- SELL AT 147.29, TAKE PROFIT AT 146.48 AND STOP LOSS AT 147.87