Technical Forecast for Bund
Bund missed the 142.57/60 by 2 ticks but held 141.82 almost exactly. Today’s outlook is more positive so a retest of 142.55/60 is expected. Be ready to go with a break higher for 142.70/75 possibly as far as 142.95/00 & a selling opportunity. Keep stops on shorts tight as a break higher can then target 143.29/33.
Immediate support is 142.30/25 risks a slide to this week’s low of at 141.86/83. A low for the day is likely again but below here today sees last week’s low at 141.67. Use a move here as a buying opportunity down to 141.60 with stops below 141.45.
The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.