Bund: Monday's High Broken

Published 03/28/2013, 08:35 AM
Bund
Bund broke Monday’s high of 144.93 to hit the 145.64 target & topped out here. A break higher today then targets March highs at 145.80/82. This should be tough to beat as we are getting over bought & this is a major 9 month trend line. However we certainly cannot rule out a break of 145.90 which should trigger stops on any shorts for a move towards 146.17/26. Above 146.33 then targets all time highs for the Bund at 146.89.

Support is 145.48/44 then 145.25 which could see us bounce. However continued weakness could see 145.00 possibly 144.87/80 for an excellent buying opportunity.

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