Bund Break Above 174.05 Is A Buy Signal Targeting 174.35/40
Jason Sen | Sep 22, 2019 05:05AM ET
h2 Bund December Contract Daily Forecast - September 23, 2019/h2
Bund closed near the high of the day but could not reach strong resistance at 173.95/99. A break above 174.05 is a buy signal targeting 174.35/40 then 174.50/55, perhaps as far as 174.76/80.
We should have strong support at 173.40/30 but below 173.20 targets 173.05/00 and minor support at 172.85/80. Further losses target 172.60 and 172.40. Support at the 2 week low at 172.22/18. On a break lower look for 172.00, 171.85/80 and 171.68. A break lower fills the gap at 171.54/50.
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