Bund held 140.45/50 resistance again and spiked lower to support at 139.80/75. We bottomed almost exactly here at 139.69 and returned to the recent range of 140.05/00 to 140.45/50. Only above 140.60 is more positive and can target 140.90/00. A high for the day is likely but if we continue higher look for a selling opportunity at 141.23/28.
Support at 140.05/00 but any longs here today need stops below 139.90 for support at 139.75/70. If we continue lower look for a possible retest of 139.55/45 lows.
Weekly outlook is negative as long as we hold below the 100 day moving average at 140.45/50. Good support at 139.00/75 but below 139.40 risks a slide to 138.80.