German Bunds:Bearish Shooting Star Dominates
3cAnalysis | Oct 22, 2014 07:00
Against a background of bearish sentiment for this week generated by a Bearish Shooting Star on weekly candle charts, Monday’s indecisive ‘Inside’ day was followed by a renewal of selling interest in German 10 YR Bunds yesterday.
This resulted in a 3rd down day from the last 4 and although this bearishness has been compromised, to a degree, by a failure to clearly break the important 13 day average with the shorter end showing even greater selling pressure, sentiment is assessed as negative with potential to 150.26, 150.02 and 149.83.
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