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GERMAN T-BILL AUCTION RESULTS

12-month bubills

SLOVAKIA AUCTION RESULTS

3/10/15/25-year SlovGBs

EQUITIES

Tech/Cyclicals Lagging In Early Mixed Trade

COMMODITIES

Gold Brief Break < $1800

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(H2) Consolidating

BOBL TECHS
  • RES 4: 135.126 1.382 pro of the Nov 11 - 22 - 23 price swing
  • RES 3: 134.978 1.236 pro of the Nov 11 - 22 - 23 price swing
  • RES 2: 134.740 1.00 pro of the Nov 11 - 22 - 23 price swing
  • RES 1: 134.530 High Nov 30 and the bull trigger
  • PRICE: 134.150 @ 05:03 GMT Dec 8
  • SUP 1: 133.920 Low Dec 1
  • SUP 2: 133.730 Low Nov 23 and key near-term support
  • SUP 3: 133.610 Low Nov 16
  • SUP 4: 133.410 Low Nov 11

The Bobl futures outlook is unchanged and trend conditions remain bullish. A bullish theme follows the break on Nov 19 of 134.000, Nov 15 high that confirmed a resumption of the recovery since Oct 29 and established a bullish price sequence of higher highs and higher lows. Recent consolidation appears to be a pause in the trend. The focus is on a climb towards 134.740 next, a Fibonacci projection. Key S/T support has been defined at 133.730.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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