Kumowizard

Bund update - heading towards a double top. Slowly sell Calls

FX:BUND   Euro-Bund
4
Weekly:
- Bullish
- Heading towards a double top... God save bulls if Draghi & Co. doesn't deliver in December! But until they can hold longs. :-)

Daily:
- Bullish Trend continues. Channel and Ichimoku Kumo cloud clearly marks the trend and the increasing support level.
- Support is coming higher to 157.
- Heikin Ashi suggests some consolidation starts. Maybe a minor pull back is possible to 157,25-157,50. Not surprising! Why to buy this here, when US bond yields started to tick higher?

I keep on selling January and February Call options in 160-161,5 strike range.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.