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(H3) Fresh Lows

BOBL TECHS
  • RES 4: 119.230 High Dec 15
  • RES 3: 118.649 20-day EMA
  • RES 2: 118.260 Low Nov 28 and a recent breakout point
  • RES 1: 117.720 High Dec 16
  • PRICE: 117.020 @ 05:40 GMT Dec 20
  • SUP 1: 116.890 Low Nov 8 and a key support
  • SUP 2: 116.773 1.764 proj of the Dec 7 - 12 - 13 price swing
  • SUP 3: 116.410 2.00 proj of the Dec 7 - 12 - 13 price swing
  • SUP 4: 116.047 2.236 proj of the Dec 7 - 12 - 13 price swing

The sell-off late last week in Bobl futures strengthened the current bearish cycle and support at 118.260, the Dec 13 low, has been cleared. Today’s move lower has reinforced the bearish threat. The break lower signals scope for an extension towards 116.890 next, the Nov 8 low. On the upside, initial firm resistance is seen at 118.260, the recent breakout level. The 20-day EMA intersects at 118.6492.

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