Bund: Look For A Buying Opportunity At 159.18/16
Jason Sen | Jan 11, 2016 05:54AM ET
Bund holding above 159.55/58 is positive for today and re-targets 159.76/79. We could continue higher to 159.91/94 before a retest of last week's high at 160.19. A break and close above here tonight will kill Thursday's sell signal but we then run in to strong trend line resistance at 160.40/45.
Minor support at 159.58/55 then better support at 159.40/37 but below here look for a buying opportunity at 159.18/16. Only a break below 159.05 would need to trigger stops for the next target and a buying opportunity at 158.78/73.
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