The BUND confirmed again a strong closing last night above the top of the previous session supporting a possible extension of the move up that we still consider to be corrective.
The indicators of the daily chart have turned again positive but those of the s/t ones are still mixed for now suggesting further consolidation. Only an hourly closing above 138,70 will favour an extension of the move up suggesting a 139 overshooting, move that we still want to sell with a stop above 139,58.
We remain on the sideline while waiting for stronger signals.
We sell a 139,10 overshooting!!
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