March Bunds beat resistance at 144.36 but only reached 144.50 in a quiet session. Above here we look for 144.71 today. A push through here would target very tough resistance at 144.94/99 for a selling opportunity
Immediate support seen at 144.18. We have bottomed this week just above 143.75/71, the December low so far and 55-Day Moving Average support. This is very good Fibonacci support also and therefore a good chance of a low for the day if we see a move towards here again today. It should be worth trying longs once more. Stops on longs needed below 143.50 Bear in mind we do have a roll over gap to fill down at 143.39 at some stage in the coming weeks.