Free Trial

(H9) Bearish Reversal Potential *RES.....>

BOBL TECHS
BOBL TECHS: (H9) Bearish Reversal Potential
*RES 4: 134.890 High Feb 24, 2017 (continuation chart) 
*RES 3: 134.000 Channel top (continuation chart) 
*RES 2: 133.500 Breakout target 
*RES 1: 133.410 High May 29 (continuation chart) 
*PRICE: 133.060 @ 05:02 GMT Feb 13 
*SUP 1: 132.920 21-dma 
*SUP 2: 132.610 Low Jan 18 
*SUP 3: 131.910 Low Dec 13 
*SUP 4: 131.180 Low Nov 8 (continuation chart) 
Bobl futures are moving back towards the key 133 area which holds the 21-dma and
prior range highs. A breal below here would suggest a bearish reversal down
towards the Jan 18 low. Bulls need to overcome Friday's high to open the May 29
spike high. A break above here would target the measured move breakout target at
133.500.

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.