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Free Access(H18) Early Weakness Recovered *RES 4:...>
BOBL TECHS: (H18) Early Weakness Recovered
*RES 4: 133.410 High May 29
*RES 3: 133.000 Resistance
*RES 2: 132.610 High Aug 17
*RES 1: 132.320 High Sep 3 (continuation chart)
*PREVIOUS CLOSE: 132.250
*SUP 1: 132.010 Low Dec 3
*SUP 2: 131.800 Low Nov 26
*SUP 3: 131.289 55-dma
*SUP 4: 131.200 Low Nov 11
Bobl futures saw some early weakness yesterday but the strong recovery and close
keep the bullish trend intact. The next upside target comes in at the August
highs on the continuation chart at 132.610. On the downside bears need to see a
break below 132.010 to gain some breathing room ahead of a challenge of the Nov
26 low at 131.800. Below here would suggest a bearish reversal opening the
55-dma.
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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.