The BUND confirmed an extension of the corrective move up finding however good resistance already at 135,92, at least for now. A possible break above this resistance will favour a test of the resistance line at 136,65 where we still want to sell. However the tone of the s/t scenery is changing since yesterday’s formation of bearish divergences.
The indicators of the daily chart are still well negative but those of the s/t ones are above the line supporting higher levels.
While above the 200 hours line at 135,23 we expect the BUND to try again to extend the move up.
We wait for the ECB today.
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FUTURE TREND RESEARCH