Bund: Top Indicated (For Now)
Jason Sen | Feb 06, 2014 02:57AM ET
Bund unexpectedly spiked higher but fell 8 ticks short of the 144.65 target to leave a negative candle and an indication of a top for now. We dipped towards support at 143.85/80 but if we continue lower today, look for 143.68 then support at 143.40/35 which could hold the downside. However if we continue lower next target & support at 143.18/14.
Immediate resistance at 144.30/33 could hold a move higher but above 144.40 we could retest 144.57. A break above 144.65 looks very unlikely today but would target resistance at 144.90/95.
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