Mark-Hewitt

ATR Reversion Play - Offer Bund @ 163.18

Short
Mark-Hewitt Updated   
TVC:EUBUND   Euro Bund
4
Sell ATR extension to nearest level which also co-incides with a previous VPOC and VAH
Comment:
Unfinished auction printed at 163.15 ; scale in half the position at 163.15s and the rest at 163.18s
Comment:
Took 50% off the table at 97s and left the other half to run
Reason: Last week developed as an inside week, and there is a small chance this drive up through the highs of the weekly close might be a failed penetration of this high (i.e. we will have a weekly high of 163.39) there is a potential target of 161.35 for the second half, though we will likely close before that, but may get a decent move out of this
Trade closed: stop reached:
Second half stopped out, Bund rotated back up again and made new highs around cash close.

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