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(H3) Rally Exposes Key Resistance

BOBL TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 119.230 High Dec 15
  • 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: 118.670 High Feb 2
  • PRICE: 118.370 @ 05:06 GMT Feb 3
  • SUP 1: 117.810/117.020 50-day EMA / Low Jan 30 and a key support
  • SUP 2: 116.878 61.8% retracement of the Jan 2 - 19 bull run
  • SUP 3: 116.730 Low Jan 5
  • SUP 4: 116.405 76.4% retracement of the Jan 2 - 19 bull run

Bobl futures rallied sharply higher Thursday to clear resistance at the 50-day EMA and 118.320, the Jan 25 high. A continuation higher would signal scope for a test of the next key hurdle for bulls at 118.880, the Jan 19 high. Clearance of this level would strengthen a bullish case. On the downside, key support has been defined at 117.020, the Jan 30 low. A break of this level would reinstate a recent bearish theme.

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  • RES 4: 119.230 High Dec 15
  • 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: 118.670 High Feb 2
  • PRICE: 118.370 @ 05:06 GMT Feb 3
  • SUP 1: 117.810/117.020 50-day EMA / Low Jan 30 and a key support
  • SUP 2: 116.878 61.8% retracement of the Jan 2 - 19 bull run
  • SUP 3: 116.730 Low Jan 5
  • SUP 4: 116.405 76.4% retracement of the Jan 2 - 19 bull run

Bobl futures rallied sharply higher Thursday to clear resistance at the 50-day EMA and 118.320, the Jan 25 high. A continuation higher would signal scope for a test of the next key hurdle for bulls at 118.880, the Jan 19 high. Clearance of this level would strengthen a bullish case. On the downside, key support has been defined at 117.020, the Jan 30 low. A break of this level would reinstate a recent bearish theme.