German Bund Futures Technical Analysis: Weekly Chart
In the weekly charts, German Bund Futures is trading in a down channel. German Bund Future is currently trading in the middle line area of Bollinger bands.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness. The volume of buying is more.
Its immediate support is 125.00 the resistance level is at 143.00
German bund Futures will trade in a down channel until there is a trend reversal.
German Bund Futures Technical Analysis: Daily Chart
In the daily charts, German Bund Futures is trading in a down channel. German Bund Futures is currently trading above the middle line of Bollinger Bands.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness, The volume of buying is more.
Its immediate support is 131.00 the resistance level is at 137.00
German Bund Futures will trade in a down channel until there is a trend reversal.
How to Trade German Bund Future this Week:
German Bund Futures will follow the downtrend until its trend reversal. However, MACD is also below zero but the buying volumes are higher than selling. Moreover, if it breaks the trend line of the weekly chart. So, go bullish otherwise bearish on the German Bund Future
