Free Trial

(H2) Trend Needle Still Points North

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 @ 05:14 GMT Dec 7
  • 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

Bobl futures trend conditions remain bullish with the contract still consolidating near recent highs. 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. The focus is on a climb towards 134.740 next, a Fibonacci projection. Key short-term support has been defined at 133.730, Nov 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.