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(H3) Short-Term Trend Needle Points South

BOBL TECHS
Fixed Income Technical AnalysisHomepageBond Market Newsmarkets-real-timeBulletMarketsFixed Income News
  • 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: 117.725/118.670 50-day EMA / High Feb 2
  • RES 1: 117.460 High Feb 9
  • PRICE: 116.210 @ 15:42 GMT Feb 20
  • SUP 1: 115.730 Low Feb 17
  • SUP 2: 115.650 Low Jan 2
  • SUP 3: 115.558 1.0% 10-dma envelope
  • SUP 4: 115.253 3.0% Lower Bollinger Band

Bobl futures maintain a weaker tone following the reversal lower from 118.670, the Feb 2 high. Key short-term support at 117.020, the Jan 30 low, has opened further losses for the contract and on Tuesday took out 116.405, a Fibonacci retracement. Vol-band based support at 115.558 is next up, ahead of the early January lows. On the upside, the resistance to watch is at 117.725, the 50-day EMA. A break above this average would ease bearish pressure.

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  • 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: 117.725/118.670 50-day EMA / High Feb 2
  • RES 1: 117.460 High Feb 9
  • PRICE: 116.210 @ 15:42 GMT Feb 20
  • SUP 1: 115.730 Low Feb 17
  • SUP 2: 115.650 Low Jan 2
  • SUP 3: 115.558 1.0% 10-dma envelope
  • SUP 4: 115.253 3.0% Lower Bollinger Band

Bobl futures maintain a weaker tone following the reversal lower from 118.670, the Feb 2 high. Key short-term support at 117.020, the Jan 30 low, has opened further losses for the contract and on Tuesday took out 116.405, a Fibonacci retracement. Vol-band based support at 115.558 is next up, ahead of the early January lows. On the upside, the resistance to watch is at 117.725, the 50-day EMA. A break above this average would ease bearish pressure.