Technical forecast for Bund

Bund September hit excellent support at 136.45/41 for a buying opportunity & bottomed exactly here. We rallied off an oversold position but rocketed way higher than expected to 137.81. This left a bullish key day reversal in place which 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 but below 137.30 risks a slide to 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 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.

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. has established itself as the leading provider of... More