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Bund Future Positive Bias Within Range Phase

Published 09/04/2014, 03:43 AM
Updated 12/12/2023, 05:55 AM

Bund future bias higher for 149.15 and 149.28, maybe 149.70

A notable setback again through midweek to surrender support at 148.86/80 to see a small top and switch to a range environment this week.

However, whilst above a better foundation at 147.95, a shift to a more bearish theme is avoided and we see bias for a constructive tone into Thursday/Friday and bounce higher within the range, defined as 147.95 to 149.70.

We see risk near term to 149.15 and 149.28 targets and still favor bullish extension pressures into mid-September.

WHAT CHANGES THIS?

Upside: Above 149.70 aims higher for 149.91 and 150.13.

Downside: Below 147.95 sees risk lower for 147.38 and 147.20.

Please see full report with levels and latest audio-visual analysis here:

2 Hour Bund December Future Chart

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