Technical Forecast for Bund

Bund topped just below 143.00/04 resistance but broke the downside stop level of 142.15. So a break of yesterday’s low at 142.11 could test 141.82 before last week’s low at 141.67. Use a move here as a buying opportunity down to 141.60 with stops below 141.45.

 

Resistance at 142.30 then 142.70/75. If we continue higher look for 142.95/00 & a high for the day likely again. However a break higher can take us as far as 143.26/32 for a selling opportunity. Exit longs & try shorts with stops above 143.45.