Free Trial

(H18) Fall So Far Holding Above..........>

BOBL TECHS
BOBL TECHS: (H18) Fall So Far Holding Above 130.19-130.02 Support
*RES 4: 131.05 Jan 18 low, now resistance
*RES 3: 130.92 Jan 12 low, now resistance
*RES 2: 130.60/63 Jan 31, Jan 30, Feb 1 highs
*RES 1: 130.55 Hourly resistance
*PRICE: 130.47 @0840GMT
*SUP 1: 130.19/26 Hourly support, Feb 2 low
*SUP 2: 130.02/10 0.5% vol band, 38.2% Fibo of 122.34-134.89
*SUP 3: 129.70 1.618x 132.74-131.43 from 131.82
*SUP 4: 129.63 Equality fall target from 131.45
*COMMENTARY* Continued to creep lower last week, eventually reaching 130.26,
before finding some support, aided by some near term oversold conditions. In
this respect, initial resistance is seen at 130.55 but likely requires a move
back through the previously difficult 130.60-130.63 region, before  any real
upside enthusiasm will follow. This would allow a better correction of losses
seen initially from the Jan 23 high at 131.45. 

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.