Editorial,

Aucune tendance ne se dégage sur les contrats de Financial Futures. La cacophonie au plus haut niveau de l’Europe et aux USA n’incite pas à prendre un risque…

Contrat Euro-Bund

Le texte suivant est traduisible à l’aide de Yahoo Babelfish.

Long term: flat

On a quarterly basis, Bollinger bands spread is minimal. Bollinger bands are flat. A bearish B type crossover is the status for our 7 / 23 quarters moving averages. MQ (116.25) is our main resistance.

On a monthly basis, the spread UM / LM is near its minimal level. With our 7 / 23 moving averages, a bearish non-crossover is in progress. Our stochastic and MACD are neutral. UM (116.94) is our main resistance. MM (113.77) is our first support and MW (112.7) is the next one.

Idea: neutral.

Medium term: higher but not yet bullish

On a weekly basis, the spread UW / LW is not minimal. The status for our 7 / 23 weeks moving averages is a bullish B type crossover. The status for our stochastic and MACD is a bullish non-crossover. UM (116.94) is our main target.

Idea: bullish pre-parallel pattern

Short term: flat

On a daily basis, the spread UD / LD is wide and expending very slowly. As long as MD (114.6) proves to be a support, a rise could develop.

Idea: UD (116.02) could be an objective.

Conclusion: PM (117.96) is a strong resistance.