. German Bund Future Price & Technical Analysis - 17 March 2023

German Bund Future Price & Technical Analysis – 17 March 2023

German Bund Future Price & Technical Analysis – 17 March 2023

17 Mar 2023

GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

In weekly chart German Bund is trading in down channel

German Bund is trading above 5&20 SMA

RSI is in buying zone which indicates bullishness. Stochastic suggests up trend.

Its immediate support is at 136.18 & the resistance level is at 140.62

German Bund has made a strong bullish candle, and it has broken the previous week’s high and resistance level, if it holds above the resistance level, we might see an upside.

GERMAN BUND PRICE TECHNICAL ANALYSIS: DAILY CHART

In the daily chart, German Bund is trading in the up channel.

German Bund is currently trading above all SMA.

RSI is in buying zone which indicates bullishness. Stochastic suggests the uptrend

Its immediate support is at 136.96 & immediate resistance is at 138.40

How to Trade German Bund this Week

German Bund is trading in an up channel it has broken the previous day’s high & it’s important resistance zone, and now we can see the German Bund trading upside.

TRADE SUGGESTION – BUY AT 137.85, TARGET AT 138.49, SL AT 137.36