Free Trial

(H0) Still Edging Higher *RES 4:.........>

BOBL TECHS
BOBL TECHS: (H0) Still Edging Higher
*RES 4: 135.260 1.500 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 3: 135.135 1.382 projection of Jan 2 - Jan 8 rally from Jan 14 low
*RES 2: 135.020 High Jan 31 and key bull trigger
*RES 1: 134.880 Intraday high
*PRICE: 134.850 @ 04:09 GMT Feb 24
*SUP 1: 134.660 Low Feb 18 and 19
*SUP 2: 134.530 Low Feb 12
*SUP 3: 134.482 50-day EMA
*SUP 4: 134.450 Low Feb 6
Bobl futures tested above 134.86 overnight, the Feb 18 high. While this is
positive, follow through is required to reinforce a bullish case and open
135.020, the Jan 31 high. Until then the broader risk still appears bearish. The
entire move higher since Feb 6 lacks a bullish impulse and appears corrective in
nature. This maintains attention on the potential for a retest 134.450, the key
bear trigger. Clearance of 135.020 is needed to resume this year's rally.

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.