Technical forecast for Bund

bunds1

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.

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