Free Trial

(H18) Fall Held Around The Lower 0.5%....>

BOBL TECHS
BOBL TECHS: (H18) Fall Held Around The Lower 0.5% Volatility Band
*RES 4: 131.05 Jan 18 low, now resistance
*RES 3: 130.92 Jan 12 low, now resistance
*RES 2: 130.75/76 Jan 25 low, hourly high Jan 26
*RES 1: 130.60/65 Hourly resistance
*PRICE: 130.48 @0800GMT
*SUP 1: 130.34 Jan 29 low, 0.5% volatility band
*SUP 2: 130.10 38.2% Fibo of 122.34-134.89
*SUP 3: 129.70 1.618x 132.74-131.43 from 131.82, 1% vol band
*SUP 4: 129.63 Equality fall target from 131.45
*COMMENTARY* Opened the week lower, a 130.34 low posted on Monday before finding
some support around the lower 0.5% volatility band. The slightly higher
130.41-130.39 area was seen as a potentially decent support band and a bounce
from around here would not be unexpected. 130.60-130.76 is initial resistance,
back above the latter would give some momentum to a recovery. Sustained break
below 130.34 and 130.10 protects against 129.70-129.63.

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.