Free Trial

(H3) Meets YTD Lows

BOBL TECHS
  • RES 4: 119.086 76.4% retracement of the Dec 7 - Jan 2 downleg
  • RES 3: 118.880 High Jan 19 and the bull trigger
  • RES 2: 117.324/118.670 50-day EMA / High Feb 2
  • RES 1: 117.460 High Feb 9
  • PRICE: 115.990 @ 14:27 GMT Feb 22
  • SUP 1: 115.640 Low Feb 22 & Jan 2
  • SUP 2: 115.480 2.0% Lower Bollinger Band
  • SUP 3: 115.284 1.0% 10-dma envelope
  • SUP 4: 115.000 Handle support

Bobl futures extended recent weakness to hit a pullback low of 115.640 on Wednesday. Key short-term support at 117.020, the Jan 30 low, has opened further losses for the contract, as well as support at 116.405, a Fibonacci retracement, giving way. Vol-bands at 115.480 is next up, with prices having equalled the early January lows. On the upside, the resistance to watch is at 117.324, the 50-day EMA. A break above this average would ease bearish pressure.

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.