Free Trial

(H18) Support Still Seen Between.........>

BOBL TECHS
BOBL TECHS: (H18) Support Still Seen Between 132.25 And Key 132.15
*RES 4: 133.15 1.618 swing of 132.70-131.97
*RES 3: 132.74/78 Dec 7 high, 76.4% Fibo of 133.36-130.92
*RES 2: 132.62 Dec 11 high
*RES 1: 132.55/57 Dec 13 high, hourly resistance
*PRICE: 132.28 @0855GMT
*SUP 1: 132.24/25 Hourly low Dec 1, Dec 4, Dec 14 lows
*SUP 2: 132.15 Initial rally high Nov 30, now support
*SUP 3: 132.11 9 week rising support line
*SUP 4: 131.97 Nov 30 low
*COMMENTARY* The 132.70-132.78 area has proved too tough to break so far this
month. A high of 132.74 before eventually giving way to some near term
overbought conditions. With the subsequent loss of 132.53-132.43, this now sees
132.25-132.24 as the next support ahead of the key 132.15 level. Ideally have to
hold above here to retain recent upside momentum. Resistance meanwhile falls to
132.55-132.62.

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.