Bund: Be ready to buy a break above 175.65

Jason Sen DayTradeIdeas.co.uk

Bund

Bund December again held strong resistance at 175.50/60 so this remains key to direction this morning.

Daily Analysis

Bund tests strong resistance at 175.50/60 & holds with an inside day yesterday emphasising the consolidation. Be ready to buy a break above 175.65 for 175.85/90. A break above 176.00 targets 176.15 & 176.25/30.

Minor support at 175.10/05 held perfectly. A break below 174.95 however targets 174.70/60 before this week's low at 174.45.

Chart

Author

Jason Sen

DayTradeIdeas.co.uk

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