The Change from dez to the march-contract is in full swing and caused high volatality because of draghis wording. I see more potential on the downside.
As Long as bund is trading below it s 61,8 fibo @ 159 it seems bearish .
Only Prices above the former Highs at 160,65 will strenghten the uptrend.
Prices below 156.43 will imo cause a Little selloff