Despite short-term downwards pressure over the next few weeks the Bund is likely to move sideways in the longer term, says BNP Paribas Personal Investors:
“In the medium term, we believe that Bund is in a large degree distribution phase. We expect sideways move in the coming months. In the short-term, below 152.49 we expect more downside pressure in the coming weeks, at least towards 149.45. Only a breakout of 152.49 would resume the uptrend.” See chart.
For details, see BNP Paribas Personal Investor’s Weekly Technical Review of 15 markets, including:
Three stocks: VEOLIA, BPOST, AHOLD