Free Trial

(H9) Selloff Gathers Pace *RES 4:........>

BOBL TECHS
BOBL TECHS: (H9) Selloff Gathers Pace
*RES 4: 133.410 High May 29 (continuation chart) 
*RES 3: 133.320 High Feb 8 
*RES 2: 133.030 21-dma 
*RES 1: 132.920 High Feb 28
*PRICE: 132.720 @ 04:04 GMT Mar 1 
*SUP 1: 132.640 Low Feb 28 
*SUP 2: 132.610 Low Jan 18 
*SUP 3: 132.460 Low Jan 9 (continuation chart) 
*SUP 4: 131.910/969 Low Dec 13/200-dma (continuation chart) 
Bobl futures extended their selloff yesterday to suggest a significant trend
change is playing out. The next downside target is yesterday's low at 132.640,
below which would open the Jan 18 low at 132.610. The Jan 9 low at 132.460 comes
into play below here. Bulls need to regain yesterday's high to stabilise the
outlook while a break above the 21-dma at 133.030 would return the outlook
bullish. 

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.