The BUND confirmed a daily closing above the top of the previous session that was a positive day reversal supporting therefore further upside potential. A daily closing above 137,12 will suggest a 138 overshooting!!
The indicators of the daily chart are still well positive and also those of the s/t ones are in positive territory this morning supporting further upside potential. Still only an hourly closing above 137,12 will however confirm higher levels suggesting an extension toward the 137,90/138 area. A break above 137,12 will confirm also a positive reversal supporting a s/t target at 137,87!!
We remain on the sideline.
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FUTURE TREND RESEARCH