The BUND confirmed a weak closing last night suggesting further downside risk. However only a daily closing below 136,90 will confirm lower levels!!
The indicators of the daily chart are now turning below the line supporting a possible drop and this morning also the s/t indicators are below the line supporting lower levels.
In the s/t charts we have still the suggested S_H_S formation with the neck line now at 137,30.
Only an hourly closing above 138,05 will postpone the decline suggesting a retest of the 139 area We try a short position this morning and sold at 137,78. In case of a move higher we increase the postion!!
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http://www.easyforexnews.net/wp-content/uploads/2011/11/BUND-11.18.11.pdf
FUTURE TREND RESEARCH