Future on German bunds

Hello!

I'm sorry, again I come along with a question: where will the future on German bunds go the next months? Will the support seen in May and July last for a certain while? Is the top of June to break? I'm keen on your ideas.

Thanks for any answer!

Kind regards,

Shouta  

Hi Shouta,

I think the current resist between 117/117.50 will hold a while. I expect a setback to the next fibonacci support minimum. Then we will see.

What time frame do you trade?

Greetings
taishi  

Hello Taishi,

Thanks for your reply and sorry for my delay. I was on a sudden business trip and just coming back.

Right now you are spot on with your suggestion that the resist will hold. To be honest this was my thought too. But what's next? Will the 116 supply enough support for a continuation upwards or is the 117 the top of the hill?

Kind regards,

Shouta  

Hey bunds traders,

Yeah, the 117 marks a handsome resists but I bet we'll make it through eventually.

Next targets on the upside - as far as I can see - are in the range 117.60 to 118.40. Thus, not too far from present levels. Support is at 116.

Cheers,
Mike  

Hello Mike,

Thank you for your answer! The German bunds seem to work through the resist at 117. What will be next? Is the 118 coming? Mike and taishi have some variation in their views.

Thanks for your time!

Kind regards,

Shouta  

hi guys,

bunds have to break the resist round 118.5, but it looks bad.
I think, a setback to 117.5 is possible and then taking the resist in a second try.

best regards...