Bund Took A Tumble, Falling To 142.07

Published 12/04/2012, 03:33 AM
Bund
Bunds took a tumble in the morning but fell further than expected reaching 142.07. However, the close above 142.46 is more positive and if we can hold on here, look for 142.64 next with a chance we can reach as far as 142.83/89 today. Above here would allow a retest of last week’s high at 143.12/15.

Below 142.42 however risks another test of good support at 142.22. If this fails we look for yesterday’s low at 142.07 and the chance of a bounce for the second day. However a break targets last week’s low at 141.84.

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