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 above 20 days SMA & below 50 and 100 days SMA.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 149.51 & the resistance level is at 154.53.
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. is trading in down channel. GERMAN BUND FUT. is currently trading above 10 days SMA & below 20 and 50 days SMA.
RSI is in the oversold zone which indicates mild bullishness. MACD is currently above zero which indicates bullishness.
The nearest support is 151.20 & the resistance is at 152.92.
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.
