Friday
Nov 21st
Eurex bund future - Technical Analysis
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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