Tuesday, 11 November 2014
11-11-2014
Bund 240 min
Bund 30 min
Upward trend intact, room for downside correction a possibility. Thursday ECB low of 150.77 will be a good support area to watch for, especially after Friday 150.78 low print was rejected so aggressively. Little on the data front plus Veterans Day so wise to steer clear of mid range trading today.
US ten year 240min
US ten year 30min
Monday saw a brief weak follow through from Fridays buying. This broke the down trend that was in place since US retail sales spike. My money would be a continuation of down trend but we are in a corridor of uncertainty and feel safer to sit out til a break of either 125.235 downside or 127.00 upside for confirmation.
Good Luck
L
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