The BUND confirmed a weak closing after having formed a negative outside day reversal; we have now 138,46 – 136,34 the levels to follow in the coming hours. A daily closing below 136,34 will support lower levels toward the 135 area!
The indicators of the daily chart turned already negative and also those of the s/t ones are below the line supporting further weakness. We expect therefore an extension of the drop toward the 136 area but the real attraction is the 200 hours line at 135,34!!
Only a return above 137,20 will postpone the decline!
We remain on the sideline.
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FUTURE TREND RESEARCH