Free Trial

(M0) Breaks To Fresh Highs *RES 4:.......>

BOBL TECHS
BOBL TECHS: (M0) Breaks To Fresh Highs
*RES 4: 137.150 2.000 projection of Jan 14 - Jan 31 rally from Feb 6 low
*RES 3: 137.000 Round number resistance
*RES 2: 136.831 1.764 projection of Jan 14 - Jan 31 rally from Feb 6 low
*RES 1: 136.700 Intraday high
*PRICE: 136.680 @ 05:03 GMT Mar 6
*SUP 1: 135.780 Low Mar 4
*SUP 2: 135.550 Low Mar 3
*SUP 3: 135.253 20-day EMA
*SUP 4: 135.020 High Jan 31
Bobl futures remain bullish. The contract has traded to a fresh trend high today
of 136.70 confirming a resumption of the uptrend. Bulls remain firmly in charge
and further gains are favoured near-term. The focus is on the Sep 3 key high
(cont) where a break would further reinforce bullish conditions and confirm a
resumption of the long-term uptrend. Key near-term support has been defined at
135.550, Mar 3 low. The next objective is 136.831.

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.