Technical forecast for Bund

bunds

Bund held just above 141.82 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.

Resistance at 142.20/25 could be a challenge today. However above 142.30 could target
142.57/60, possibly 142.70/75 with a high for the day likely here. If however we continue higher look for 142.95/00 & a selling opportunity.

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