Euro-Bund: bearish until the end of March (or +)

Catégorie [ Contrat € - Bund ]

Long term: towards MQ or below

On a quarterly basis, Bollinger bands spread is maximal. Our 7 / 23 quarters moving averages are up. A bearish divergence is in progress with our stochastic. Next period a similar status is expected with our MACD. MQ is our first support.

On a monthly basis, MM could fail as a support (at the close). A bearish A type crossover could be the status for our 7 / 23 months moving averages.

Idea: LM could be a strong support.

Bet:  a decline towards LM is in progress.

R= MM (125.22)    S= MQ (119.42), LM (117.94)

           

Medium term: bearish without pattern

On a weekly basis (continuous contract), a PEI is in progress with our MACD.

Idea:  LM as a target with a PEI for our MACD.

Bet: bearish for three periods or more.

R = MW (128.47);   S = LW (123.44)

 

Short term (March 2011 contract): without trend

On a daily basis, Bollinger bands spread is minimal. With TAM, no PEI could develop on a daily basis.

Idea: LD is our first support.

Bet: MD will act as a resistance.

R = MD (125.21), UD (126.44)   S = LD (123.98)

 

Conclusion: bearish until the end of March (or +)