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Let's Gain - The Professional Signals Provider - Signals, Trading Systems, Technical Analysis

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Aug 21st
Home arrow Archive arrow Eurex bund future - Technical Analysis

Eurex bund future - Technical Analysis

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Wednesday, 23 January 2008

In the interest rate cut game played by Bernanke and Trichet (still to play), the bund future has shown its volatile character. The blu trendline has been forced twice but bund has always bounced back below it. We think that it could be an important resistance because Trichet does not reckon a rate cut would be a good solution for EU well being. Our first support is 116.04 while next resistance is today's high at 117,55. High volatility is still expected.

 

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