Daily Forecast - 08 April 2014
Bund June contract
Bund beat 143.54/50 for a retest of resistance at 143.70/74. We topped almost exactly here at 143.79 & we should struggle here again today as we become overbought short term. However on a break higher we could could target 143.93/99 before March highs at 144.08.
A good chance of profit taking today & failure to beat 143.74/78 meets support at 143.54/50 but below 143.45 adds pressure for 143.31/27. If we continue lower look for a buying opportunity at 143.10/09.
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