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(H2) Recovers From Wednesday Low

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: 134.070 @ 05:14 GMT Dec 10
  • SUP 1: 133.710 Low Dec 8
  • SUP 2: 133.610 Low Nov 16
  • SUP 3: 133.410 Low Nov 11 and a key support
  • SUP 4: 133.200 Low Nov 3

Bobl futures traded sharply lower Wednesday but has also managed to recover from the session low. The contract probed support at 133.730, the Nov 23 low. A clear breach of this support would strengthen a bearish case and signal scope for weakness towards 133.410, the Nov 11 low. A recovery would instead refocus attention on 134.530, the Nov 30 high and bull trigger. Clearance of this hurdle would confirm a resumption of the recent uptrend.

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