Technical Forecast for Bund
Bund September bullish key day reversal on Friday in theory marks the end of the bear trend at this stage, as long as we hold above 136.40. Today any profit taking sees 137.40/35 which held the downside yesterday, but short term we are overbought now so watch for a break below 137.30 to target 137.03. Exit shorts & try longs looking for a low for the day but be aware than a break lower risks further losses to 136.73/65.
Resistance at 107.70/75 held perfectly yesterday but be ready to go with a break above 137.81 for 137.97/98 & a high for the day expected. Exit longs & try shorts with stops above 138.10.
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