Free Trial

(H18) Topside Hesitation A Concern.......>

BOBL TECHS
BOBL TECHS: (H18) Topside Hesitation A Concern
*RES 4: 131.670 100-DMA 
*RES 3: 131.520 Low Jan 10 now resistance 
*RES 2: 131.450 High Jan 23 
*RES 1: 131.300 High Mar 2
*PREVIOUS CLOSE: 131.130
*SUP 1: 131.090 Hourly support Mar 1
*SUP 2: 130.990 Hourly resistance Feb 28 now support
*SUP 3: 130.820 Low Feb 28
*SUP 4: 130.709 21-DMA
*COMMENTARY: The lack of topside follow through on the break of 131.290 Friday
is a concern for bulls with minor momentum divergence note and daily studies at
O/B levels. Bears continue to look for a close below 130.990 to gain breathing
room and below 130.82 to shift initial focus back to 130.610-709. Bulls now need
a close above 131.300 to shift initial focus to 131.450-520. The Bollinger top
(131.201) limits follow through.

To read the full story

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.