Euro-Bund: lower (medium / long term basis)

Catégorie [ Contrat € - Bund ]

Long term: towards MQ or below

On a quarterly basis, Bollinger bands spread is maximal. A bullish A type crossover for our 7 / 23 months moving averages could be over this year. A bearish divergence is in progress with our stochastic. Next period a similar status could be expected with our MACD. MQ is our first support.

On a monthly basis, a bearish crossover could be the status for our 7 / 23 months moving averages.

Idea: LM is our first support.

Bet:  as long as MM proves to be a resistance, a decline towards LM is in progress.

R= MM (125.42)    S= MQ (119.33), LM (118.61)


Medium term: technical recovery

On a weekly basis (Continuous contract); a bullish no-crossover is in progress with our MACD. Above MW, UW could be a target.

Idea: MW could be a strong resistance


R = MW (124.75);   S = LW (120.75)


Short term (June 2011 contract): without trend

On a daily basis, UD / LD spread is maximal. TAM are neutral. UD is our main resistance and LD is our main support.

Idea: nothing to do


R = UD (123.5)   S = LD (121.25)


Conclusion: wait on a short term basis.