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(H1) Eyeing Key Resistance

BOBL TECHS
  • RES 4: 135.440 High Dec 21
  • RES 3: 135.390 High Jan 4 and key resistance
  • RES 2: 135.380 High Jan 5
  • RES 1: 135.350 High Jan 15
  • PRICE: 135.290 @ 16:50 GMT Jan 18
  • SUP 1: 135.100 Low Apr 14
  • SUP 2: 134.930 Low Jan 13
  • SUP 3: 134.840 Low Jan 12
  • SUP 4: 134.860 1.00 proj of Dec 11 - 18 sell-off from Dec 21 high

BOBL futures rallied sharply higher Thursday. The strong gains last week have retraced most of the move lower between Jan 4 - 12 sell-off. With all key retracements cleared, scope is seen for an extension higher with attention on 135.390, the Jan 4 high and a key resistance. An important resistance also lies at 135.440, Dec 21 high. On the downside, initial support lies at 135.100, last Thursday's low.

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