UPWARD DAY AFTER MUCH HESITATION - GERMAN BUND FUTURE MARKET (FGBL) ANALYSIS

Market opened where it closed Wednesday and was trendless all moring in a 144.90 - 145.17 range. In the afternoon, the trendless market continued but in the 145.10-145.37 range.
During the night session, Iraq related events made the Bond market to rise dramatically and so did the Bund which rose almost 40 ticks in one hour but in a very scarce volume.

At 145.22, POC is only 10 ticks higher than yesterday. There is an HVN at 145.22. Day volume is modest.
 

Result is a rather big green candle, with a small upper shadow.

As previously said, in a trendless market, ICHIMOKU indicators are not relevant.

MA 44 is almost flat, and in the middle of the range. Upper BB (145.80) seems to attract prices.

On the resistance side, above HoD (145.63) there is another HoD (145.76) then HoY (145.99) and R1 (146.48).
On the support side, we may have value upper end (145.32) then HVN (145.22) LoD (144.90) and Wednesday LoD (144.58).

Tomorrow morning, it is to be seen whether the closing level will be accepted or rejected as the new market value.
In the afternoon, there are some important US statistics plus the eventual Iraq developments.

Good Night.