The BUND formed on Friday a negative day reversal but only a daily closing tonight below 135,30 will confirm a s/t top favouring lower levels.
The indicators of the daily chart are below the line while those of the s/t ones are mixed supporting further consolidation.
The drop we had on Friday found some support above the 200 hours line at 135,15. While above this line we could see a resumption of the move up suggesting a return toward 136,50.
The s/t scenery is well mixed at the moment; it failed to form divergences on the way up but we have potential positive reversals in the hourly chart supporting the BUND.
We remain on the sideline.
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