Bund retested 145.80/82 & the major 9 month trend line

Daily Forecast – 02 April 2013 Bund June contract Bund retested 145.80/82 & the major 9 month trend line. We topped at 145.87, just below the stop level of 145.90 & fell back to support at 145.48/44. The market is over bought and failed at major resistance plus it closed lower. This puts us on a negative footing for the start of this week & if we break Thursday’s low of 145.34 look for 145.12/02. We could bounce from here so may be try longs with a stop below 144.88 for 144.66 as

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Bund retested 145.80/82 & the major 9 month trend line

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