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Bund December contract Daily Forecast - 13 September 2013Bund December opened above the gap at 137.40/44, held this support & headed for our selling opportunity at 137.97/99. We topped almost exactly here at 137.94 & sold off sharply to 137.52 for a nice profit. We are overbought short term so having seen the hoped for recovery in to the end of the week & hit the 137.97/99 target we could continue lower today. Look for support at 137.40/35 but a break lower triggers further selling towards 137.01/98. A low for the day is very possible but any longs need stops below 136.86 for 136.60. Above 137.70 is less negative & could allow a retest of 137.97/99 for a second selling opportunity with stops above 138.12.
Written by: http://www.daytradeideas.com/
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