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Free Access(H1) Testing Key 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: 135.350 High Jan 15 and intraday high
- PRICE: 135.340 @ 05:11 GMT Jan 26
- SUP 1: 135.245 50-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 yesterday and have started the week on a strong note. This follows Friday's recovery from the day low of 134.970. The contract is testing resistance at 135.350, Jan 15 high. A clear break would reinforce a bullish theme and open 135.390, the Jan 4 high. On the downside, initial support is seen at 135.245, the 50-day EMA. Price however needs to move below yesterday's low of 135.120 to reinstate a bearish theme.
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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.