The BUND confirmed a session of consolidation finding good support above 134 and managing a further closing above the 100 days line. A break below 134,00 will however resume the decline suggesting a retest of last week’s low!!
The indicators of the daily chart are still well negative while those of the s/t ones remain mixed suggesting further consolidation.
Only an hourly closing above 135,00 will postpone further weakness favouring another test on the upside with the 200 hours line at 135,44 the first attraction.
For now we prefer still waiting for a possible extension of the correction to go short!
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FUTURE TREND RESEARCH