Bund December contract

Bund strong resistance at 173.25/30. A break above 173.45 targets 173.61/65, perhaps as far as strong resistance at 173.95/99.

Holding below strong resistance at 173.25/30 targets 173.05/00 & minor support at 172.85/80. Further losses target 172.60 & 172.40. Support at the low last week at 172.22/18. On a break lower look for 172.00, 171.85/80 & 171.68. A break lower fills the gap at 171.54/50.

chart

The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.

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