The BUND IS JUST SELLING OFF after the weak closing last night. Possible and probable further weakness toward 134,70 if not even 134,00 but the overall attraction is the 132,84 key level!! The drop is just confirming that investors are not anymore willing to finance Germany at rates below 2,00, nothing more than that!!
The indicators of the daily chart are plunging lower as well as those of the s/t ones where they reached already the oversold conditions. Nevertheless we favour further weakness.
We try anyhow a long position in case of a direct 134 undershooting, just for a rebound!
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FUTURE TREND RESEARCH