Free Trial

(H3) Fresh Cycle Low

BOBL TECHS
  • RES 4: 117.024 50-day EMA
  • RES 3: 116.760 Low Feb 8
  • RES 2: 116.351 20-day EMA
  • RES 1: 115.520/850 High Feb 28 / 27
  • PRICE: 115.040 @ 09:10 GMT Feb 28
  • SUP 1: 114.730 Low Feb 28
  • SUP 2: 114.511 2.236 proj of the Jan 19 - Jan 30 - Feb 2 price swing
  • SUP 3: 114.239 2.382 proj of the Jan 19 - Jan 30 - Feb 2 price swing
  • SUP 4: 114.020 2.50 proj of the Jan 19 - Jan 30 - Feb 2 price swing

Bobl futures extended recent weakness on Tuesday to hit fresh YTD lows at 114.730. The break lower confirms a resumption of the current bear cycle and maintains the bearish price sequence of lower lows and lower highs. Moving average studies are in a bear mode position and this highlights current sentiment. Sights are on 114.511, a Fibonacci projection. Initial firm resistance to watch is 116.351, the 20-day EMA.

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.