GERMAN BUND FUT. Price Technical Analysis: Weekly Chart

In the daily charts, GERMAN BUND FUT. was trading in down channel. GERMAN BUND FUT. is currently trading below all SMA.

RSI is in the oversold zone which indicates mild bullishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 153.00 & the resistance level is at 155.98.

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. is trading in down channel.

GERMAN BUND FUT. is trading below all SMA.

The nearest support is 153.11 & the resistance is at 155.91.

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 154.22, TAKE PROFIT AT 153.11 AND STOP LOSS AT 155.91