E-Bund contract: weak below 135

Catégorie [ Contrat € - Bund ]

Long term: higher

On a quarterly basis, our moving averages are up. Stochastic and MACD are oversold. As long as no NEI will develop on a monthly basis, the bull trend in progress will continue.

On a monthly basis, Bollinger bands spread is increasing. TAM tools are up. As long as our MACD is not overbought, prices will continue to rise.

Idea: higher

Bet: 

R= 139.19 (Historical High), UW (140.77)    S= 135 (PW on DEC. 2011 contract)

           

Medium term: bullish parallel pattern

On a weekly basis, a bullish parallel pattern is in progress.

Idea: use bullish parallel rules

Bet:

R = PW (139.19);   S = 135

 

 

Short term: flat

On a daily basis, TAM tools are neutral.

Idea: PD / UD is our first resistance and LD is a strong support

Bet: nothing to do.

R = UD (138.98)   S = LD (135.44)

 

Conclusion: weak if 135 fail as a support.