The BUND confirmed another positive closing but found yesterday good resistance at 138,20, at least for now. Still possible a further extension of the move up especially while above 137,43.
The indicators of the daily chart are still well positive and also those of the s/t ones are above the line this morning supporting higher levels. We confirm however that we have potential negative reversals that should limit the move up favouring a firm correction.
We suggest waiting for a further attempt to extend the move up above 138,21,yesterday’s top, before selling.
We put a sell order at 138,35!!
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FUTURE TREND RESEARCH