Free Trial

(H0) Stalls At The Day High *RES 4:......>

BOBL TECHS
BOBL TECHS: (H0) Stalls At The Day High
*RES 4: 134.970 1.00 projection of Jan 2 - Jan 6 rally from Jan 7 low
*RES 3: 134.765 0.764 projection of Jan 2 - Jan 6 rally from Jan 7 low
*RES 2: 134.638 0.618 projection of Jan 2 - Jan 6 rally from Jan 7 low
*RES 1: 134.53 High Nov 20 and High Jan 8 plus key resistance
*PRICE: 133.940 @ 04:36 GMT Jan 9
*SUP 1: 133.920 Low Jan 8
*SUP 2: 133.830 Low Jan 3
*SUP 3: 133.470 Low Jan 2 and key support
*SUP 4: 133.220 1.236 projection of Nov 20 - Jan 2 decline from Jan 8 high
H0 Bobl initially rallied yesterday to a high of 134.53 but stalled at this
level to close down on the day. Yesterday's activity places on hold for now the
recent bullish focus. Price failed to hold and close above the 50-day EMA, an
indicator used as a reliable trend signal. Clearance of support at 133.830, Jan
3 low would reopen key support and the bear trigger at 133.470, Jan 2 low. On
the upside, a break of 134.530 is needed to confirm a bullish reversal.

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.