Bund bottomed exactly at immediate support of 149.10/05 as expected and rocketed to retest Friday's all time high at 149.84. We topped almost exactly here and of course if this level holds today we have a potential negative double top formation. However any shorts need stops above 149.95. A break higher never out of the question in this bull trend and would target 150.05 then 150.18/19. Above we could reach 150.31/34.
Failure to beat 149.95 leaves a negative double top pattern in a severely overbought market. First downside target is 149.68/66 then 149.56. If prices continue lower look for excellent short term support at 149.40/36 and a good chance of a low for the day here. However longs need stops below 149.20.