The BOND formed on Friday a positive day reversal but only a daily closing tonight above 143 08 will confirm higher levels. The indicators of the daily chart are however still below the line and also those of the weekly one closed below the line despite the rebound. The indicators of the s/t charts are instead mixed suggesting some consolidation/ correction. Bullish divergences support however a negative tone. The move up we had on Friday is corrective and a selling opportunity, scenery that only a move above the 200 hours line at 143 07 will be able to postpone. In the hourly chart we have already a negative reversal situation suggesting a s/t target at 140 17. We remain on the sideline for now.
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FUTURE TREND RESEARCH