The BUND confirmed on Friday a very strong closing in the daily chart as well as in the weekly one suggesting a possible further extension of the move up. The weekly closing was also strong well above the top of the previous week.
The indicators of the daily chart are still well positive as well as those of the weekly one supporting further strength. The indicators of the s/t charts are also positive but ended last week at overbought level and this should limit further strength favouring instead a firm correction. The move up of the last few days failed yet to produce divergences suggesting the move could just be an overshooting!!
As suggested we sold at 138,35 and are going to sell more in case of a 139 overshooting!! We still believe this move up is corrective!
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FUTURE TREND RESEARCH