Euro Bund Futures Top At 151.80/85
Jason Sen | Jun 16, 2015 02:02AM ET
Euro Bund Futures sold off to first support at 151.10/00 and bottomed exactly here. Longs here today need stops below 150.85. Be ready to sell a break below 150.90 to target 150.68/65, perhaps as far as a buying opportunity at 150.45/40. Stop below 150.30. Good support at 150.05/00 if we continue lower.
Holding first support at 151.10/00 keeps bulls in control to target 151.35/40 then 151.55/60. If we continue higher look for a retest of strong resistance at 151.80/85. Shorts need stops above 152.05. Be ready to buy a break above 152.00 to target 152.20/25 then 152.65/70. If we continue higher this week look for a selling opportunity at 152.95/153.00.
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