Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Does this target seem a bit outrageous? Then you should read on. This is a call review to out longest open call.
In October 2016, we urged our readers to go short in 10-year bund, at the breakout of 162.5 with an initial target of 160 area and subsequent longer-term target of 153. The article is available here, http://www.econotimes.com/FxWirePro-10-year-bund-heads-for-a-sell-breakout-367667
In a subsequent article, we have reaffirmed our outlook and also shared our forecast that the spread between the 2-year bund and the 10-year bund would widen over time. That review is available here, http://www.econotimes.com/FxWirePro-Keep-riding-the-bund-short-call-review-397028 . In addition to that, In January 2017, we had called on our readers to go short in 10-year bund and long the German benchmark stock index around 11560.
In our review on 28th February, we warned our readers that our short call in bund is under threat due to election uncertainties in Europe and warned that it might break the stop loss around 168 if the Dutch election turns out in the favor right-wing candidate Geert Wilders. However, that has not happened and thankfully we maintained the stop loss. The 10-year bund reversed course after reaching as high as 166.3
In several subsequent reviews, we reiterated our commitment to the short side of bund though the movement has been much slower than we originally anticipated. That is not surprising, however, given the fact that the European Central Bank (ECB) has taken up a very gradual approach when it came to winding monetary policies. We even urged our readers to add short positions in bund, when it was retesting the resistance line, here, https://www.econotimes.com/FxWirePro-Call-review-Add-short-positions-in-10-year-bund-1067353
Our initial call of selling the 10-year bund at 162.5 targeting 153 seemed outrageous to many but now with bund trading at 157.7, that 153 target doesn’t seem that outrageous. Yesterday’s reaction of the market to U.S. CPI print, which was higher than anticipated showed that while we might be early in that trade we are not wrong as the call is deep in the money.
The 10-year bund is currently trading at 167.6 and we maintain our short side outlook. Here is the list of targets (both reached and yet to be reached).
Reached targets – 160, 159, 158
Pending targets – 157.3,155,153, and 151.3
In this article, we would like to extend our final target for the bund from 151.3 to 145
However, the final target might take some time to reach and there could be bounce backs from interim targets.
