GERMAN BUND FUT. Price Technical Analysis: Weekly Chart

In the weekly charts, GERMAN BUND FUT. is trading in an up channel. GERMAN BUND FUT. is currently trading above 20 days SMA & below 50 and 100 days SMA.

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

Its immediate support is 155.14 & the resistance level is at 159.60.

GERMAN BUND FUT. will trade in up channel until there is trend reversal.

GERMAN BUND FUT. Price Technical Analysis: Daily Chart

In the daily charts, GERMAN BUND FUT. is trading in an up channel. GERMAN BUND FUT. is currently trading above all SMA.

RSI is in the overbought zone which indicates mild bearishness. MACD is currently above zero which indicates bullishness.

The nearest support is 156.64 & the resistance is at 158.26.

GERMAN BUND FUT. will trade in an up channel until there is trend reversal.

How to Trade GERMAN BUND FUT. this Week:

GERMAN BUND FUT. will follow the uptrend until their trend reversal. So, remain bullish on GERMAN BUND FUT.

TRADE SUGGESTION- BUY AT 157.44, TAKE PROFIT AT 158.26 AND STOP LOSS AT 156.64