The BUND is still consolidating interior the negative outside day with 138,46 – 136,34 still the levels to follow in the coming hours. Only a daily closing above 138,46 will support higher!
The indicators of the daily chart are positive while those of the s/t ones are mixed suggesting further consolidation correction. A break below 137,00 confirmed by an hourly closing will postpone the move up favouring a deeper correction move that we still expect to be corrective!!
as well as those of the s/t ones supporting higher levels.
We remain on the sideline following the outside day for confirmations.
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http://www.easyforexnews.net/wp-content/uploads/2011/11/BUND-11.09.pdf
FUTURE TREND RESEARCH