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BOBL TECHS: (U3) Approaching Resistance

BOBL TECHS
  • RES 4: 118.000 Round number resistance
  • RES 3: 117.700 High Jun 1 and key short-term resistance
  • RES 2: 117.200 High Jun 6
  • RES 1: 117.010 High Jun 7
  • PRICE: 116.860 @ 05:16 BST Jun 13
  • SUP 1: 116.540/250 Low Jun 12 / 8
  • SUP 2: 116.00 Round number support
  • SUP 3: 115.970 Low May 29
  • SUP 4: 115.870 Low May 26 and key support

Bobl futures maintain a softer tone and for now, the latest recovery is considered corrective. Attention is on resistance at 117.010 and 117.200, the Jun 7 and 6 highs respectively. Clearance of this resistance zone would strengthen a bullish theme and expose key resistance at 117.700, the Jun 1 high. On the downside, a reversal lower would expose key near-term support at 116.250, the Jun 8 low. A break of 116.250 would be bearish.

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