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STIR FUTURES

Eurodollars lead STIR futures lower

STIR FUTURES

Eurodollars lead STIR futures lower

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(H2) Heading South

BOBL TECHS
  • RES 4: 133.710 Low Dec 8 and recent breakout level
  • RES 3: 133.530 High Dec 29
  • RES 2: 133.173 20-day EMA
  • RES 1: 133.110 High Jan 6 and 13
  • PRICE: 132.540 @ 05:07 GMT Jan 18
  • SUP 1: 132.500 Intraday low
  • SUP 2: 132.447 2.382 proj of the Nov 30 - Dec 8 - 20 price swing
  • SUP 3: 132.350 2.50 proj of the Nov 30 - Dec 8 - 20 price swing
  • SUP 4: 132.253 2.618 proj of the Nov 30 - Dec 8 - 20 price swing

Bobl futures remain bearish and the contract started this week’s session on a softer note. Price has breached former support at 132.620, Jan 11 low and a bear trigger. This confirms a resumption of the downtrend and maintains the bearish price sequence of lower lows and lower highs. The move lower opens 132.447 next, a Fibonacci projection level. On the upside, firm resistance is seen at 133.110, Jan 6 and 13 high.

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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