Technical Forecast for Bund

Bund lacking any direction. Resistance at 142.25/30 then 142.70/75 which held the topside yesterday, but above here today look for 142.95/00 & a selling opportunity. Keep stops on shorts tight as a break higher can then target 143.29/33.

 

Below 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.