MNI BRIEF: Italian Business See Prices At 1.5% In 2025 -BOI

MNI China Daily Summary: Tuesday, January 14

MNI NBP WATCH: Rate Hold Seen After Governor's Hawkish Tilt

MNI BRIEF: PBOC To Ensure Yuan Stable, Ease For Economy: Xuan

MNI BRIEF: China Yields Will Reflect Fundamentals - PBOC

MNI: US DEC TREASURY BUDGET -$86.7B

MNI: US REDBOOK: JAN STORE SALES +4.0% V YR AGO MO

MNI: US DEC FINAL DEMAND PPI +0.2%, EX FOOD, ENERGY +0.0%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BOBL TECHS: (Z4) Corrective Cycle Remains In Play

BOBL TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 119.949 76.4% retracement of the Oct 1 - 31 bear leg   
  • RES 3: 119.620 High Oct 18       
  • RES 2: 119.519 61.8% retracement of the Oct 1 - 31 bear leg      
  • RES 1: 119.330 High Oct 24 and Nov 25                        
  • PRICE: 119.240 @ 05:52 GMT Nov 26  
  • SUP 1: 118.735 20-day EMA            
  • SUP 2: 118.150 Low Nov 14  
  • SUP 3: 118.680 Low Oct 31 and the bear trigger     
  • SUP 4: 117.570 2.00 proj of the Oct 18 - 22 - 24   

Recent gains in Bobl futures still appear corrective, however, Friday’s gains highlight an extension of this cycle. The contract has breached both the 20- and 50-day EMAs and attention turns to resistance at 119.330, the Oct 24 high and Monday’s high. Clearance of this level would open 119.515, a Fibonacci retracement level. Key short-term support lies at 118.150, the Nov 14 low. A break of this support would be seen as a bearish development.

156 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
  • RES 4: 119.949 76.4% retracement of the Oct 1 - 31 bear leg   
  • RES 3: 119.620 High Oct 18       
  • RES 2: 119.519 61.8% retracement of the Oct 1 - 31 bear leg      
  • RES 1: 119.330 High Oct 24 and Nov 25                        
  • PRICE: 119.240 @ 05:52 GMT Nov 26  
  • SUP 1: 118.735 20-day EMA            
  • SUP 2: 118.150 Low Nov 14  
  • SUP 3: 118.680 Low Oct 31 and the bear trigger     
  • SUP 4: 117.570 2.00 proj of the Oct 18 - 22 - 24   

Recent gains in Bobl futures still appear corrective, however, Friday’s gains highlight an extension of this cycle. The contract has breached both the 20- and 50-day EMAs and attention turns to resistance at 119.330, the Oct 24 high and Monday’s high. Clearance of this level would open 119.515, a Fibonacci retracement level. Key short-term support lies at 118.150, the Nov 14 low. A break of this support would be seen as a bearish development.