Free Trial

(H2) The 50-Day EMA Beckons

BOBL TECHS
  • RES 4: 132.680 High Jan 31
  • RES 3: 132.400 Low Jan 19
  • RES 2: 132.087 50-day EMA
  • RES 1: 131.890 High Feb 24
  • PRICE: 131.770 @ 05:08 GMT Feb 28
  • SUP 1: 130.730 Low Feb 22 / 23
  • SUP 2: 130.510 Low Feb 15
  • SUP 3: 130.080 Low Feb 10 and the bear trigger
  • SUP 4: 130.000 Psychological round number

Bobl futures are approaching last week’s high and maintain a firmer short-term tone. Recent gains signal scope for a stronger short-term correction and this has exposed the 50-day EMA at 132.087. This EMA represents a key resistance area and a clear break would strengthen the case for short-term bulls. Initial support to watch is at 130.710, the Feb 22/23 low.

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.