Free Trial

(H0) Directional Triggers Defined *RES...>

BOBL TECHS: (H0) Directional Triggers Defined
*RES 4: 134.530 High Nov 20
*RES 3: 134.510 High Nov 28
*RES 2: 134.480 High Dec 4 and bull trigger
*RES 1: 134.330 High Dec 5
*PRICE: 134.210 @ 04:44 GMT Dec 10
*SUP 1: 134.030 Low Dec 6
*SUP 2: 133.910 Low Dec 3 and bear trigger
*SUP 3: 133.880 1.000 projection of Nov 28 - Dec 3 decline from Dec 4 high
*SUP 4: 133.738 1.382 projection of Nov 28 - Dec 3 decline from Dec 4 high
H0 Bobl was firmer yesterday. For now, attention remains on key near-term
support at 133.910, Dec 3 low where a break would signal a resumption of the
downtrend and open 133.738 and 133.651, both Fibonacci projection levels. A move
above 134.480, Dec 4 high is required to reinstate a bullish focus. This would
instead open a test of resistance at 134.51 and 134.53. In short, 133.910 and
134.480 represent the short-term directional triggers.

To read the full story



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.