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BUNDS: Extending lows towards the next support

BUNDS
  • Bund is slowly pushing towards the 131.00 figure, some continuation after the UK PMI beat, although the initial move is clearly driven by the German Data beat.
  • In case of a clear break through the 131.00, further momentum would open to 130.70, not a Tech level, but where the contract was trading at before the last US CPI, released on the 15th January.
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  • Bund is slowly pushing towards the 131.00 figure, some continuation after the UK PMI beat, although the initial move is clearly driven by the German Data beat.
  • In case of a clear break through the 131.00, further momentum would open to 130.70, not a Tech level, but where the contract was trading at before the last US CPI, released on the 15th January.