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BOBL TECHS: (H5) Bear Cycle Still In Play

BOBL TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 118.640 Low Dec 6        
  • RES 3: 118.520 High Dec 13   
  • RES 2: 118.304 20-day EMA 
  • RES 1: 118.010 High Dec 27                           
  • PRICE: 117.860 @ Close Dec 30  
  • SUP 1: 117.490 Low Dec 30              
  • SUP 2: 117.350 Low Nov 7       
  • SUP 3: 117.180 Low Nov 6 and key support     
  • SUP 4: 117.000 Round number support   

The current bear cycle in Bobl futures remains in play and last Friday’s sell-off reinforces the bearish set-up. Price has traded through 117.723, the 76.4% retracement of the Nov 6 - Dec 2 bull cycle. A continuation would set the scene for a move towards key support at 117.180, the Nov 6 low. Initial resistance has been defined at 118.010, the Dec 27 high. Key short-term resistance is seen at 118.304, the 20-day EMA.

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  • RES 4: 118.640 Low Dec 6        
  • RES 3: 118.520 High Dec 13   
  • RES 2: 118.304 20-day EMA 
  • RES 1: 118.010 High Dec 27                           
  • PRICE: 117.860 @ Close Dec 30  
  • SUP 1: 117.490 Low Dec 30              
  • SUP 2: 117.350 Low Nov 7       
  • SUP 3: 117.180 Low Nov 6 and key support     
  • SUP 4: 117.000 Round number support   

The current bear cycle in Bobl futures remains in play and last Friday’s sell-off reinforces the bearish set-up. Price has traded through 117.723, the 76.4% retracement of the Nov 6 - Dec 2 bull cycle. A continuation would set the scene for a move towards key support at 117.180, the Nov 6 low. Initial resistance has been defined at 118.010, the Dec 27 high. Key short-term resistance is seen at 118.304, the 20-day EMA.