By Jason Sen
| Dec 21, 2012 04:49PM GMT |
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.
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data .
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.