The BUND confirmed a strong closing last night well above the resistance of the outside day but it failed to confirm one above the previous top at 139,19!!
The indicators of the daily chart are still well positive but those of the s/t ones already turned mixed supporting some s/t consolidation/ correction.
An hourly closing below 138,51 at 11.00 CET will confirm a s/t top for the BUND supporting lower levels toward the support line at 137,66 while the real attraction will be the 200 hours line at 136,24.
We suggest waiting for the confirmation; if the closing will be below 138,51 we will go short on a possible rebound by selling a 138,75 overshooting!!
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http://www.easyforexnews.net/wp-content/uploads/2011/11/BUND-11.10.pdf
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