The BUND confirmed a session of consolidation remaining interior the range of Tuesday forming a new inside day with 138,65 – 136,70 the levels to follow in the coming hours. A closing above 138,65 will support higher levels suggesting an overshooting of the previous top at 139,19!!
The indicators of the daily chart are still well positive supporting further possible strength and also those of the s/t ones are returning above the line following the strong opening we are seeing this morning.
We have already a gap up area,138,06 – 137,63 that we may close before eventually extend the move up!! Only a break below 137,16 confirmed by an hourly closing will confirm a s/t top favouring an extension of the correction toward the 136 area while the attraction remains the 200 hours line at 135,13.
We are still short for now.
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