Bund: See a test of the resistance at 161.85 - Natixis

The buy signals on the daily indicators and the fact that the weekly stochastic has picked up should support the Bund contract in the short term, suggests Micaella Feldstein, Research Analyst at Natixis

Key Quotes

“We see a test of the resistance at 161.85 (9-week moving average).”

“A break above this barrier would reduce the downside threats of a dip back to the 159.74 support (daily Bollinger lower band) and would signal a sustained rally to 162.60-162.74 (around the 50-day moving average) ahead 163.50 (Fibonacci extension) and to 164.12 (weekly Bollinger moving average).”

“The supports stand at 160.30, at 159.74-160, at 159.35, and at 158.70.”