The BUND confirmed on Friday another strong closing above the top of the previous session. In the weekly chart it formed a positive week reversal. Nevertheless we still expect this move up to be corrective and therefore a selling opportunity!!
The indicators of the daily chart are however still negative but those of the weekly one are positive. Those of the s/t ones are also positive supporting higher levels. While above the support line at 134,96 we could still see an extension of the move up toward the 200 hours line at 135,97 if not even little higher, move tht we still want to sell but for now only above the 136 level!
An hourly closing below 134,50 will already resume the decline.
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FUTURE TREND RESEARCH