Daily Forecast - 12 August 2014
Bobl September contract
Bobl severely overbought short term now with negative divergence on the daily chart but held just above our downside target & support at 128.60. Failure here today see 128.57/56 & 128.52. A good chance this will hold the downside but below here look for a buying opportunity at 128.44.
Immediate resistance at 128.67/69 but above here look for 128.74/75 then 128.80 & the all time high at 128.85.
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