Bund: Double Top Is Expected
Jason Sen | Feb 12, 2014 09:47AM ET
Bund held resistance at 143.65/70 then 144.05/10 for a selling opportunity. However, be aware that a break above 144.20 cannot be
ruled out and targets 144.30, possibly even a retest of 144.54/58 highs last week for an excellent selling opportunity this week. A
double top is expected, but shorts need stops above 144.70.
Immediate support is 143.32/27 lows last week. The daily chart outlook is more negative so a break today meets good support
at 143.18/14 and a bounce from here very likely but longs need stops below 142.95. A break lower however targets 142.65/60
then a buying opportunity at 142.35/30 this week.
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