Bund: Resistance At 149.50/55
Jason Sen | Aug 13, 2014 06:46AM ET
Bund resistance at 149.50/55 held perfectly again yesterday. Below 149.40/35 adds pressure today and risks a slide to immediate support at 149.10/05. This could hold the downside but below here today is more negative and targets 148.89/84. A low for the day is expected here but an unexpected break lower adds pressure and targets 148.63/60. Very unlikely we fall any further today but below here 148.30/26 is an excellent buying opportunity this week.
Immediate resistance at 149.35/40 then 149.50/55 could hold a move higher again today. However if we continue higher look for 149.63/66 before Friday's all time high at 149.84. Any shorts need stops above 149.95.
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