Bunds - Upside Failure Turns Focus Lower
3cAnalysis | Jun 24, 2014 07:07
Yesterday saw initial gains in German Bunds that approached last week's peak. Those levels were not reached however, and more than half of the initial upside was lost into the close.
While the 13 day moving average holds the downside and the Keltner channel is positive, negative signals cannot be strong but it is the rejection of yesterday's highs that mean that intraday signals for sentiment indicate scope for lower, temporary, levels towards 145.66 or even 145.39
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