The BUND confirmed yesterday a session of consolidation despite the wild moves in the stock market. The closing was positive but still close to the lows of the last days.
The indicators of the daily chart are still well negative as well as those of the 4h one supporting further weakness. Only the indicators of the hourly chart are above the line this morning supporting some more consolidation/ correction. an hourly closing above 134,50 will support higher levels confirming also a reversed S_H_S formation. If confirmed we expect the BUND to move toward the 200 hours line, now found at 136,38.
This move up is corrective and a selling opportunity for a drop below 132,89!!
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FUTURE TREND RESEARCH