Buying interest returned to Bunds Tuesday. Monday’s profit taking setback proved temporary as well as limited with demand growing throughout the latter part of the day to positive new contract highs. This move also keeps the market tracking the upper band of a positive Keltner channel. Although the highs were not entirely held our signals for sentiment are positive with scope to 164.68 and 164.89.
Setbacks near 164.16 would be attractive and only below 163.84 is negative