A probe higher as we had anticipated on Monday as we looked for upside pressures to resume from from the bullish outside Thursday pattern rebound from 158.45 and push through the 159.11/18 barriers.
The push above 159.24 reinforces the rebound last week from ahead of 157.83 and leaves short to intermediate term bull pressures intact for the 2nd half of February.
For Today: We see an upside bias through 159.37 for the 159.54 peak, which should look to try to cap at first. Break targets 159.65.
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2 Hour Bund Future Chart