Free Trial

BOBL (U18) Bullish Breakout *RES 3:......>

BOBL TECHS
BOBL TECHS: BOBL (U18) Bullish Breakout
*RES 3: 134.00 Measured move from triangle breakout
*RES 2: 132.970 High May 29
*RES 1: 132.660 Gap left on May 30
*PREVIOUS CLOSE: 132.400
*SUP 1: 132.050 Downtrend resistance now support
*SUP 2: 131.790 Low August 7
*SUP 3: 131.660 Low August 3
*SUP 4: 131.520 Hourly Low August 2
The Bobl has broken higher from the major trading range and is establishing
trading activity above the former range top, now support at 132.33. This puts
the focus on the intraday gap left on May 30 and the May 29 peak at 132.970.
While intraday momentum indicators have developed some negative divergence,
corrective dips below 132.33 are likely to find additional support at 132.050.
Holding above here maintains the bullish picture.

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.