Technical forecast for Bund

bund1

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.

Jason Sen began his career in the options pits on the trading floor of LIFFE in 1987 at the age of 19, making markets on his own account. In 2001 when the trading floor closed he successfully made the transition to day trading on computer screens. Jason always had an interest in technical analysis throughout his trading career but began to study this area in depth from 2006. www.daytradeideas.com has established itself as the leading provider of... More