RIDINGTHEBUND - Euro Bund Future Trading (FGBL)

* all levels are based on previous daily HLC only … please check for updates with calculated levels from today’s open after 1st hour of trading
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EURO BUND FUTURE (Dec.08) - Daily Chart Levels - 09/23/2008
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* all times are exchange (EUREX) times

ANALYST’S AGREE IN THEIR MORNING LETTERS : EVERY BOUNCE SHOULD BE SOLD

Mr. Marcel Mussler from http://www.mussler-briefe.com sees an established “Sell”-Signal in the BUND in front of the strong support 113.27 & 113.14. He thinks that a breakout will not force on it. A possible pullback on the broken daily uptrend around 114.40 should be a maximum on this pullback, he wrote today. He feels that the BUND is making a top with trend changing character.

The Commerzbank AG “Technical Analysis Research Corporates and Markets”-department wrote said that the BUND met its 116.11 target and failed. New high has not been confirmed by RSI which indicates an interim peak. The break below the 2 month uptrend adds weight on their view. They are looking for slide back to 112.15 after BUND failures to hold 113.24 and 112.91.

A “Fixed Income Technical Strategy”-department of a big swiss bank sees an outright bearish trend condition. They see a sell opportunity confirmed by indicators. Upside backdrops up to 113.95/114.10 are recommended as good sell areas if indicators are still in sell mode. A new break below 113.35 should trigger more downside pressure down to 112.75 and 112.00.

Other “Swiss Views” are talking about a trend change in the BUND . They are looking for break below 113.35 and favour a slide down to a 112.95/85 area. More supports are expected between 112.30/10 and lower at 111.20. They see resistances at 113.70 and 114.05/20.

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* all levels are based on previous daily HLC and today’s open
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EURO BUND FUTURE (DEC.08) - DAILY CHARTLEVELS 09/22/2008 - Updated
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