Bund: Overbought Short Term
Jason Sen | Mar 26, 2014 04:21AM ET
Bund continued higher to resistance at 143.25/30 and a high for the day as expected. We held on to 143.05/00 but below here adds pressure today and could test support at 142.81/77. A good chance of a low for the day buying opportunity at if this does not hold the downside look for a buying opportunity at 142.55/50.
Overbought short term now so we should struggle again at 143.25/30, but shorts need stops above 143.40 as a break higher could target last week's high at 143.55. This should hold a move higher but shorts need stops above 143.65 for 143.75/80 and possibly as far as contract highs at 143.95/97.
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