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BOBL TECHS: (H5) Bull Cycle Remains In Play

BOBL TECHS
Fixed Income Technical AnalysisBundesbankCentral Bank NewsCEEMEAEurozoneGermanyBulletMarketsFixed Income Bullets
  • RES 4: 118.310 High Dec 20          
  • RES 3: 118.27 61.8% retracement of the Dec 2 - Jan 14 bear leg    
  • RES 2: 118.100 High Jan 2   
  • RES 1: 117.980 High Jan 3                              
  • PRICE: 117.630 @ 05:47 GMT Feb 4  
  • SUP 1: 117.380 Low Jan 3                 
  • SUP 2: 117.165 20-day EMA 
  • SUP 3: 116.550 Low Jan 24  
  • SUP 4: 116.280 Low Jan 14 / 15 and a key support       

A short-term bullish corrective phase in Bobl futures remains in play and Monday’s strong start to the week reinforces current conditions. The contract has traded through both the 20- and 50-day EMAs. A clear break of 117.800, 50.0% of the Dec 2 - Jan 14 bear leg, would signal scope for an extension towards 118.258, the 61.8% retracement of the Dec 2 - Jan 14 bear leg. Initial support to watch lies at 117.165, the 20-day EMA.

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  • RES 4: 118.310 High Dec 20          
  • RES 3: 118.27 61.8% retracement of the Dec 2 - Jan 14 bear leg    
  • RES 2: 118.100 High Jan 2   
  • RES 1: 117.980 High Jan 3                              
  • PRICE: 117.630 @ 05:47 GMT Feb 4  
  • SUP 1: 117.380 Low Jan 3                 
  • SUP 2: 117.165 20-day EMA 
  • SUP 3: 116.550 Low Jan 24  
  • SUP 4: 116.280 Low Jan 14 / 15 and a key support       

A short-term bullish corrective phase in Bobl futures remains in play and Monday’s strong start to the week reinforces current conditions. The contract has traded through both the 20- and 50-day EMAs. A clear break of 117.800, 50.0% of the Dec 2 - Jan 14 bear leg, would signal scope for an extension towards 118.258, the 61.8% retracement of the Dec 2 - Jan 14 bear leg. Initial support to watch lies at 117.165, the 20-day EMA.