Euro-Bund future – June 2010 |
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Comment: Neat consolidation under contract high, with prices giving back relatively little ground in what is a sort of A, B, C-type pullback is promising. Friday’s strong ‘spike low’ against 50% Fibonacci retracement support and the 26-day moving average hints that this process might be over. Though momentum is neutral we feel the contract is setting up for a concerted attack on the highs. When benchmark ten-year yields break decisively below 3.09% expect a to rush re-test last year’s record Read More...
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