The BUND confirmed a positive day reversal on Friday while remaining however interior the negative outside day with 138,46 – 136,34 still the levels to follow in the coming hours.
Only a daily closing below 136,34 will support lower levels toward the 135 area!
The indicators of the daily chart are positive as well as those of the weekly one where the closing was even very strong!! The indicators of the s/t charts are positive this morning suggesting further upside potential. Only an hourly closing below 136,35 will postpone the move up favouring a deeper correction with the 200 hours lien at 135,58 the attraction.
An hourly closing above 138,15 will already support higher levels.
We remain on the sideline following the outside day.
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/11/BUND-11.07.pdf
FUTURE TREND RESEARCH