Bund: Continuing Higher
Jason Sen | Jun 26, 2014 02:31AM ET
Bund continued higher as predicted for a move towards 146.84/86 and topped just above here at 146.92. Severely overbought short term so perhaps the topside is more limited today, but picking tops in this bull trend is unwise. A break higher targets June highs at 147.04, May highs at 147.12 then all time highs at 147.20. Needless to say a break and CLOSE above here is positive and opens the door to the next leg higher targeting 147.36/39 then 147.54/57 perhaps even 147.81/84.
Immediate support is 146.63/60 and could hold the downside but below here adds pressure for a test of support at 146.40/36. Exit shorts and try longs with stops below 146.25.
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