Bund: Slightly Over Running
Jason Sen | Apr 01, 2014 02:49AM ET
Bund broke 143.61/60 sinking all the way to our buying opportunity at 143.12/09 but over running a little to 143.02. This trade worked perfectly as we rocketed then to Friday's low at 143.42 and if we continue higher today we could retest yesterday's high at 143.62/68. A break higher today targets 143.83/86 before last week's high at 144.08.
First support at 143.36/32 then a second buying opportunity at 143.09/06 but a break below 143.00 keeps the market under pressure for the next buying opportunity at 142.88/85.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.