The BUND confirmed last night a strong closing favouring the 138 overshooting. We may see a direct extension toward the 138,20 area where we expect however good resistance.
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. In the hourly chart we have however overbought conditions and this could limit the upside.
We suggest waiting for an extension of the move up before selling and based on the pèrice action we put a sell order at 138,50!!
Click here to read the full report:
http://www.easyforexnews.net/wp-content/uploads/2011/12/BUND-12.15.11.pdf
FUTURE TREND RESEARCH