German Bunds: Pullbacks should be limited - Natixis

Given that daily indicators are upbeat and that weekly indicators remain bullish, pullbacks should be limited over the next few trading sessions for German bunds, according to Micaella Feldstein, Research Analyst at Natixis.

Key Quotes

“Watch out rather for rebounds towards the resistance at 163.47 (daily parabolic).”  

“A breakout above this last level will be crucial to envisage a more pronounced rise towards the resistance at 163.70 (upper band of daily Bollinger) before the psychologically all-important 164 level and the resistance at 164.94 (weekly parabolic).  Supports are located around 162.72-162.84, at 162.50-162.58, around 162.05-162.15, at 161.60-161.80 and at 161.30.”