The BUND is confirming the expected extension of the move up that could favour a test of the resistance line at 137,55.
The indicators of the daily chart are now positive with the strong closing last night and also those of the s/t ones are in positive territory supporting higher levels. In the hourly chart we have however overbought conditions suggesting a limited potential for a further overshooting. We believe however in a test of the 137,50 area that we will sell.
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FUTURE TREND RESEARCH