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Bund Technical Analysis

(138,79)The BUND confirmed even a 139 overshooting yesterday before finding some good resistance, move that we sold as suggested! The indicators of the daily chart are still below the line but those of the s/t ones are positive with already overbought conditions in the hourly chart showing also a potential negative reversal situation. An hourly closing below 138,80 will confirm a small double top favouring a drop toward the 200 hours line at 138,37. A double top in the hourly RSI is also suggesting lower levels. A move above 139,02 will however cause an extension of the move up toward the resistance line at 139,50!!
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Click here to read the full report: BUND 02.23

 

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