Free Trial

(H3) Breaches Support

BOBL TECHS
  • RES 4: 119.310 High Dec 14
  • RES 3: 119.086 76.4% retracement of the Dec 7 - Jan 2 downleg
  • RES 2: 118.880 High Jan 19 and the bull trigger
  • RES 1: 117.852/118.320 50-day EMA / High Jan 25 - a key resistance
  • PRICE: 117.690 @ 04:57 GMT Jan 30
  • SUP 1: 117.280 Low Jan 27
  • SUP 2: 117.170 Low Jan 11
  • SUP 3: 116.950 Low Jan 10
  • SUP 4: 116.740 Low Jan 6

Bobl futures traded lower Friday and in the process traded through support at 117.560, the Jan 16 low. A clear breach of this level would threaten a bullish theme and suggest potential for a deeper pullback and expose 117.260, a Fibonacci retracement point. Initial firm resistance has been defined at 118.320, the Jan 25 high. For bulls, a break would be a positive development and attention would turn to the bull trigger at 118.880, Jan 19 high.

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.