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(H1) Attention Is On Support

BOBL TECHS
  • RES 4: 135.520 High Dec 16
  • RES 3: 135.440 High Dec 21 and key near-term resistance
  • RES 2: 135.390 High Jan 4
  • RES 1: 135.260 High Jan 6
  • PRICE: 135.140 @ 05:03 GMT Jan 7
  • SUP 1: 135.040 Low Jan 6
  • SUP 2: 135.020 Low Dec 28
  • SUP 3: 134.980/970 Low Dec 23 / Low Dec 2 and the bear trigger
  • SUP 4: 134.870 Low Nov 11
BOBL futures traded lower yesterday. Price action has this week defined a short-term key resistance at 135.390, Monday's high. Following the failure at this level, attention once again turns to support at 134.980/970, the Dec 23 and Dec 2 lows. A break would highlight a stronger bearish outlook and signal scope for a deeper pullback. On the upside, clearance of 135.390 is needed to reinstate a bullish focus.

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