GERMAN BUND FUT. Price Technical Analysis: Weekly Chart

In the weekly charts, GERMAN BUND FUT. was trading in a down channel.

GERMAN BUND FUT. is trading below all SMA.

The nearest support is 155.96 & the resistance is at 159.78.

GERMAN BUND FUT. was trading in the down channel before the 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 trading below all SMA.

The nearest support is 156.38 & the resistance is at 157.70.

GERMAN BUND FUT. is trading in the 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.

TRADE SUGGESTION- SELL AT 156.87, TAKE PROFIT AT 156.38 AND STOP LOSS AT 157.70