Free Trial

(H1) Still Looking For Gains

BOBL TECHS
  • RES 4: 135.390 High Jan 4 and key resistance
  • RES 3: 135.380 High Jan 5
  • RES 2: 135.350 High Jan 15
  • RES 1: 135.259 50-day EMA
  • PRICE: 135.140 @ 04:52 GMT Jan 20
  • SUP 1: 135.035 61.8% retracement of the Jan 12 - 15 rally
  • 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 last week but have corrected lower from 135.350, the Jan 15 high. The rally last week resulted in a retracement of most of the move lower between Jan 4 - 12. With all key retracements cleared, scope is seen for an extension higher and attention is on 135.390, Jan 4 high and a key resistance. An important resistance also lies at 135.440, Dec 21 high. Support is at 135.035, a retracement level.

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.