Free Trial

(H1) Support Exposed

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: 135.120 @ 04:50 GMT Jan 8
  • 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 remain weaker. 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.

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.