The BUND formed yesterday a negative day reversal but only a daily closing below 137,90 tonight will confirm a s/t top favouring lower levels, scenery that we still favour.
The indicators of the daily chart are however still positive but those of the s/t ones remain below the line supporting further weakness. Only an hourly closing below 137,90 will however support an extension of the correction favouring a drop toward the 200 hours line, now found at 136,44.
A move above 138,79 confirmed by an hourly closing will instead suggest a retest of the top if not even resume the move up suggesting a 140 overshooting!!
We still prefer remaining short.
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http://www.easyforexnews.net/wp-content/uploads/2011/11/BUND-11.11.pdf
FUTURE TREND RESEARCH