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(H1) Probes 135.350 Resistance

  • RES 4: 135.440 High Dec 21
  • RES 3: 135.390 High Jan 4
  • RES 2: 135.371 61.8% retracement of the Dec 11 - Jan 12 downleg
  • RES 1: 135.360 High Jan 26
  • PRICE: 135.250 @ 04:26 GMT Jan 27
  • SUP 1: 135.187 20-day EMA
  • SUP 2: 135.120 Low Jan 25
  • SUP 3: 134.930 Low Jan 22
  • SUP 4: 134.840 Low Jan 12 and a bear trigger

BOBL futures rallied Monday and have started the week on a frim note. This follows Friday's recovery from the day low of 134.970. The contract yesterday probed resistance at 135.350, Jan 15 high. A clear break would reinforce a bullish theme and signal scope for a climb to 135.390, Jan 4 high. Initial support is seen at 135.187, the 20-day EMA. Price however needs to move below Monday's low of 135.120 to reinstate a bearish theme.

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