Technical forecast for Bund

bund2

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.

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