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.