Free Trial

(H18) 132.530 Support Remains Key *RES...>

BOBL TECHS
BOBL TECHS: (H18) 132.530 Support Remains Key
*RES 4: 133.108 Daily Bull channel top (Nov 30 low) 
*RES 3: 132.975 Daily Bull channel top (Oct 25 low) 
*RES 2: 132.850 Low May 30 now resistance 
*RES 1: 132.740 High Dec 7
*PREVIOUS CLOSE: 132.560
*SUP 1: 132.530 Low Dec 6
*SUP 2: 132.430 Hourly resistance Dec 5 now support
*SUP 3: 132.340 Hourly support Dec 5
*SUP 4: 132.250 Low Dec 4
*COMMENTARY: The recovery from dips below the 55-DMA saw bulls regain the upper
hand with a break of 132.700 shifting focus to 132.850-133.108 where bull
channel tops are situated. Bears continue to look for a close below 132.530 to
ease immediate bullish pressure and below 132.250 to shift focus back to
131.970-132.195 where a bull channel base and 55-DMA are located. The Bollinger
top (132.679) is the key concern for bulls.

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.