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.