Bund: Recovery Is Possible
Jason Sen | Apr 03, 2014 03:16AM ET
Bund held 143.27/26 on the topside to hit our buying opportunity at 142.88/85 but we ran over to 142.72. We are oversold short term so a recovery is possible to 143.00/05 today. We should struggle here but above 143.15 is more positive and targets 143.22/25. A good chance of a high for the day but above here a selling opportunity at 143.38/40, with stops above 143.55.
Immediate support is 143.72/68 which could hold the downside being oversold short term. However a break lower today risks
a slide to 142.30/25. Try longs with stops below 142.10.
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