Bund: Hit 144.43/48 Target
Jason Sen | Apr 28, 2014 03:41AM ET
Bund beat 144.17 to hit our 144.43/48 target and topped almost exactly here at 144.51. We could see some profit taking with immediate support at 144.28 then 144.15/12 which should hold the downside initially. However, if we continue lower look for a buying opportunity at 143.92/97 and a good chance of a low for the day. Exit shorts and try longs with stops below 143.80.
A bounce from 144.28 targets 144.40 and possibly Friday's 144.48/51 high. A break higher not out of the question despite being overbought short term but we should struggle at April highs of 144.64. If however a break is seen look for 144.80/83.
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