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Euro−Bund future – March 2010

Nicole Elliott from Mizuho Corporate Bank at 01/11/10


Comment: Bobl, and more clearly Schatz yields, have recovered their poise but the Bund has yet to do so. Having dropped by more than we had allowed for the contract is trying to form an interim base against a decent weekly Ichimoku ‘cloud’, and note that the Lagging Span should also find support from the ‘cloud’ of 26 days ago.

Strategy: Attempt small longs at 121.25; stop below 120.70. Add to longs on a daily close above 121.50 for 122.65/122.85 short term.

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