BUND

now we are in a range 165,50 to the upside an 160,00/195,50 to the downside
if we look at the options on the bund http://www.eurexchange.com/exchange-en/products/int/fix-opt/government-bonds/Options-on-Euro-Bund-Futures/15566
we see the highest oi at 165,50 with 26088 contracts for calls jan.
for put 2017 jan ar oi 35,308 contracts at 160,00. an it can be a down till 158,00 what this says now. But we have to look longer what they do.
This is not a trading advice. Trade your own plan please.
Merry Christmas for all...

Comment:

4h update

the range ist the same. 10years german rates may be stop at 45 BP (now 40 BP)
and fall to 36 BP may be 11 BP but i thing not deeper. So we have to look at the range and the options what the big player wants to do.