(139,25)The BUND confirmed a new high after having failed to extend the drop below 138,43 where it even formed a small double bottom. The move up aborted of course the suggested S_H_S formation, re-launching the move up. The indicators of the daily chart are of course still well positive as well as those of the s/t ones supporting higher levels.
The break above 139,32 is suggesting a new s/t target at 141,77. Possible s/t pressure should find support already at 139,10 before the support line that hold very well yesterday at 138,68! We remain on the sideline for now; in the s/t we expect however a test of the resistance line formed by the tops at 139,60 where we expect good resistance and where we want to try another short position.
Follow possible updates
Click here to read the full report: BUND 01.12
FUTURE TREND RESEARCH