3cAnalysis

Following 2 days of indecisive trading, buying interest returned to Bunds yesterday. This kept prices above the trend defining 13 day moving average and confirmed the impact of the Marabuzo line created 2 weeks ago.

Trading is likely to be increasingly volatile but with the Keltner channel again trending higher there is potential for a retest of the contract high at 146.76 then 146.97.