Bund Bottoms At Strong Support Of 159.85/75
Jason Sen | Nov 11, 2016 06:16AM ET
Bund has so far bottomed exactly at strong support at 159.85/75 but we also have important strong support again at 159.65/60. Within this 25 tick band is the best chance of an end to the 3 month bull market correction. On the subject of big longer term levels, we have a 5.5 year trend line at 158.40/30... and funnily enough that is the 2015 low from the first day of the year at 158.33. (Levels in between are 159.15/10, less important 158.95/90 and more important 158.70. Load your weapons, good luck!)
Above 160.10/15 targets 160.35/39 then resistance at 160.59/64. If we can get through 160.70 look for 160.85/89 perhaps as far as resistance at 161.05/10. Bulls then need a push through the October low at 161.37.
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