GERMAN BUND PRICE TECHNICAL ANALYSIS: WEEKLY CHART

In the weekly chart, German Bund is trading in the down channel.

It is trading below 20&50 SMA

RSI is in buying zone which indicates bullishness. Stochastic suggests a downtrend.

Its immediate support is at 137.56 & the resistance level is at 140.51

German Bund will trade in the down channel until there is any trend reversal.

GERMAN BUND PRICE TECHNICAL ANALYSIS: DAILY CHART

In the daily chart, German Bund is trading in the up channel.

German Bund is currently trading below 20&50 SMA.

RSI is in buying zone which indicates bullishness. Stochastic suggests a downtrend.

Its immediate support is at 138.42 & immediate resistance is at 139.10

How to Trade German Bund this Week

German Bund failed to sustain above its important resistance zone. It will trade downside now so, remain bearish on it.

TRADE SUGGESTION – SELL AT 138.42, TARGET AT 137.58, SL AT 139.39