Free Trial

(H18) 131.760 Resistance Key Today.......>

BOBL TECHS: (H18) 131.760 Resistance Key Today
*RES 4: 132.220 55-DMA 
*RES 3: 132.012 100-DMA 
*RES 2: 131.880 Hourly support Dec 20 now resistance
*RES 1: 131.760 High Dec 21
*SUP 1: 131.430 Low Dec 27
*SUP 2: 131.350 Monthly Low Nov 30 (cont)
*SUP 3: 131.267 Daily Bear channel base
*SUP 4: 131.247 Weekly Bollinger band base
*COMMENTARY: O/S daily studies and the Bollinger base (131.249) remain the key
concern for bears given the bounce from the bear channel base last week. Bulls
continue to look for a close above 131.760 to ease bearish pressure and above
the 100-DMA to shift immediate focus to 132.220-240. While 131.760 caps bears
remain focused on 130.920-131.350 where Nov lows are noted with below 131.43 to
add weight to the case.

To read the full story



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.