The BUND confirmed yesterday a session of consolidation interior Friday’s range forming a new inside day with now 138,96 – 137,50 the levels to follow in the coming hours. A daily closing below 137,50 will confirm lower levels!!
The indicators of the daily chart are still well positive but those of the s/t ones are returning below the line supporting the correction. We expect a drop toward 137,25 but the real attraction is now the 200 hours line at 136,14.
We suggest remaining short for this possible drop.
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FUTURE TREND RESEARCH