Free Trial

(H1) Rebound Exposes Resistance

BOBL TECHS
  • RES 4: 135.530 76.4% retracement of the Dec 11 - 23 sell-off
  • RES 3: 135.520 High Dec 16
  • RES 2: 135.440 High Dec 21 and key near-term resistance
  • RES 1: 135.390 High Jan 4
  • PRICE: 135.180 @ 04:41 GMT Jan 4
  • SUP 1: 135.070 Low Dec 30
  • SUP 2: 134.980 Low Dec 23
  • SUP 3: 134.970 Low Dec 2 and the bear trigger
  • SUP 4: 134.870 Low Nov 11
BOBL futures traded higher yesterday and the contract is holding onto recent gains. The recent focus has been bearish. The recovery however negates this outlook and instead attention turns to resistance at 135.440, Dec 21 high. A break would signal scope for a climb towards the key resistance at 135.700, Dec 11 high. On the downside, initial firm support has been defined at 135.070, Dec 30 low.

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.