There has been a net movement of 16-tics in Bund futures over the last 5 trading days. This lack of follow through in either direction cannot provide strong signals for sentiment.
However, although the Keltner channel remains positive and the supporting 13 day moving average is untested, it is the rejection of yesterday's top that is likely to be the key background element going into today with potential for a temporary setback to 147.43 and 147.15.
