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 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 152.96 & the resistance level is at 155.94.

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

GERMAN BUND FUT. Price Technical Analysis: Daily Chart

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

GERMAN BUND FUT. is trading above 20 days SMA & below 50 and 100 days SMA.

The nearest support is 153.41 & the resistance is at 155.26.

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

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 154.44, TAKE PROFIT AT 153.41 AND STOP LOSS AT 155.26