Free Trial

(H0) Bearish Focus Holds *RES 4:.........>

BOBL TECHS
BOBL TECHS: (H0) Bearish Focus Holds
*RES 4: 134.510 High Nov 28
*RES 3: 134.480 High Dec 4 and bull trigger
*RES 2: 134.420 High Dec 12
*RES 1: 134.170 High Dec 16
*PRICE: 134.150 @ 04:46 GMT Dec 18
*SUP 1: 133.770 Low Dec 13
*SUP 2: 133.509 1.618 projection of Nov 28 - Dec 3 decline from Dec 4 high
*SUP 3: 133.422 1.764 projection of Nov 28 - Dec 3 decline from Dec 4 high
*SUP 4: 133.280 2.000 projection of Nov 28 - Dec 3 decline from Dec 4 high
H0 Bobl is unchanged and maintains a bearish outlook despite the bounce off the
day low on Dec 13. The initial move lower that day resulted in price trading
below the former key support of 133.910, Dec 3 low to confirm a resumption of
the broader downtrend. With a bearish theme still in place, scope is seen for
weakness towards 133.509 next, a Fibonacci projection. A break of resistance at
134.420, Dec 12 high is required to threaten the bearish theme.

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.