DAILY BUND - signals not strong, but bearish bias
Bunds continue trading in a range around the 13 day mvg avg and a Marabuzo line created on Sep 27th. Yesterday's initial lows and the subsequent highs were both rejected and this, and the recent 8 day trendlessness, cannot supply firm intraday signals for sentiment. So caution is demanded of any analysis. Nonetheless our intraday studies are mildly negative and so, with a good deal of caution, this morning’s call is a Sell but leaving room to Sell any Rally to 161.49. The risk is this month’s 161.82 top with an immediate target of 161.07, this week's low. A move through that point then exposes sentiment to 160.91 and 160.59, Friday’s bottom
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