A further corrective setback through midweek as we had expected of the strong Friday rally, but rebounding from just above our notable support at 158.47.
We see bias for a further rebound from here to maintain bull pressures from the latter January rejection of the break through support (closing below the 13-day EMA for the first time since early December) and subsequent re-energized bull theme to leave February bull pressures intact.
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2 Hour Bund Future Chart