FuturesTechs Blog

When I first started FuturesTechs in 2000 the Bund was the main contract that our clients were watching. I still think of it as our “Flagship” report to this day (even though we probably have more readers for our commodity and Equity Reports!) , and we won the Technical Analyst Magazine Award for Fixed Income in 2010 (reaching the final shortlist again this year), so our peers think so too.

Bunds have been travelling higher steadily since bottoming out in mid April. We have managed to ride this trend most of the way, and have seen a number of positive developments in recent sessions, not least yesterday’s break of 123.84-95.

Here’s what we said this morning, on our report that is always on Traders desks by 6.30am:

Another day, another green candle, another day where worrying resistance was seen off, in this instance 123.84-95.

The resulting green candle has Marabuzo support at 123.94, close to the broken resistance, so this becomes a strong support today and a potential buying opportunity on any dips.

125.02-10 is our next target “zone”; a 50% retrace level and resistance from early January.

As well as a short comment (we don’t believe that Analysis has to go on and on if it can be summarised in a few lines!) we also post a number of support and resistance levels in an easy to read format, with important levels highlighted in bold type. Alongside this we have our unique “SkewBar”, giving an indication of short term trend and the prices at which this is changing.

If you are trading or Broking Bund Futures this could be an invaluable tool. Click here to request a Free Trial.

Our clients are short the miners and banks - are you?

Over the last few weeks our viewing of the Technical Analysis charts has seen us increasing our bearish slant on the FTSE, mainly citing Financials and Miners as the sectors looking most vulnerable.

Last week we issued short trade recommendations in BHP Billition at 2125, Xstrata at 1198, Barclays at 365 and the FTSE Index at 5632.

Incidentally some of our best results in April were trades in the Finance Sectors, where we were long. We are not just banging one drum. We use Technical Analysis to tell us which way the market’s heading, and we issue our trades accordingly.

We’re still running the short trades mentioned above, as are many of our clients who follow our service. In situations where trades start to make good money we cover half the position, usually for a 5-8% profit, then run the balance by adjusting stops and targets, allowing Technical Analysis to manage trades for maximum profit potential.

Our daily reports have been increasingly warning of a pullback and our next target for the FTSE is 5340.

Why would you not want to access this invaluable, independent analysis?