|
Todays Outlook for Bunds
Monday, February 06, 2012
by Carol Harmer of Charmer Charts
|
|
Taken from www.charmercharts.com Bunds: Bunds once more faltered on the topside and failure at 139.60 triggered downside move as expected
with the market coming to 138.13. You can see opposite that the 61.8 short term fib level is
located at 138.25 and this is where the market closed. We are oversold on the short term charts...but this is to be expected after Fridays action...However
we are not on the daily charts..in fact totally the opposite. We have just turned negative on the stochastic
side of things...and therefore we still look for weakness...Now if we fail to break 138.60/61
we take this as a sign of weakness and we look for further downside moves and if we lose 137.92
we will see 137.48/45 then as a target for early this week… If above 138.61 we see 138.88 to 138.98 targeted but this should be the top and we would look for
failure in this region.
Recent articles from this author
- Charmercharts Bond Report: 15th May - Tuesday, May 15, 2012
- Charmercharts U.S mini report - Monday, May 14, 2012
- Charmercharts Gold and S&P 500 report - Friday, May 11, 2012
- Charmercharts Forex Report: 9th May - Wednesday, May 09, 2012
- Charmercharts European equity report: 04/05/2012 - Friday, May 04, 2012
About the author
Carol Harmer has over 30 years experience of analysing and trading the world’s markets and is undoubtedly one of the most respected technical analysts in the world today.
Her career started in the early eighties, trading futures on the floor at LIFFE where she quickly discovered Technical Analysis as a way to maximise profits. She was one of the first traders on LIFFE to discover and study this form of analysis and quickly became widely recognised as an expert in its use as well as highly profitable.
This soon led to a position as Senior Technical Analyst for Midland Bank. She was later head hunted for the role of Manager of Technical Analysis for Nomura Bank and then as Head of Technical Trading at Credit Suisse. Carol is also one of the first T/A's from a bank to join the STA (The Society of Technical Analysts) in the mid 80's and has trained and worked with some of the UK’s leading technical analysts.
In 1996 Carol launched 'Charmer Charts' to train independent traders in technical analysis and became the first person to provide daily forecasts for the established traders on the LIFFE floor.
She returned to the floor, trading her own account, advising traders throughout the day and continued her appearances on Bloomberg, CNBC and Reuters financial TV where she provided her valued, expert opinion on the direction of financial markets.
|
