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Free Access(M0) Correction Over? *RES 4: 137.825....>
BOBL TECHS: (M0) Correction Over?
*RES 4: 137.825 2.500 projection of Jan 14 - Jan 31 rally from Feb 6 low
*RES 3: 137.710 High Mar 9 and bull trigger
*RES 2: 137.290 High Mar 11
*RES 1: 136.580 High Mar 13
*PRICE: 136.370 @ 05:07 GMT Mar 16
*SUP 1: 135.740 Low Mar 13
*SUP 2: 135.500 Low Feb 27
*SUP 3: 135.330 Low Feb 26
*SUP 4: 135.140 Low Feb 25
Bobl futures fell sharply Friday as the correction that unfolded last week
extended. Prices have traded below a key short-term area of support at 136.081
the 20-day EMA but have started the day firmer and are back above the EMA. If
the correction lower is over, Friday's low of 135.740 would need to remain
intact. The first key hurdle for bulls is at 136.580, Friday's high. A break
would open 137.290. Sub 135.740 resumes bearish pressure.
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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.