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Bullish Outlook

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(M1) Bullish Structure

BOBL TECHS
  • RES 4: 135.700 High Dec 11, 2020 (cont)
  • RES 3: 135.544 0.764 proj of the Feb 26 - Mar 3 - Mar 9 price swing
  • RES 2: 135.480 High Jan 27 (cont) and a key resistance
  • RES 1: 135.440 High Mar 24
  • PRICE: 135.410 @ 05:00 GMT Mar 25
  • SUP 1: 135.190 Low Mar 23
  • SUP 2: 135.010 Low Mar 22
  • SUP 3: 134.870 Low Mar 19 and key short-term support
  • SUP 4: 134.780 Low Mar 8 and 9

Bobl futures maintain a firmer tone. Resistance at 135.220, Mar 16 has been cleared this week. The clear break of this hurdle ends the recent period of consolidation and confirms a resumption of the recovery that started Feb 26. This paves the way for strength towards 135.480 next, Jan 27 high. Initial firm support has been defined at 134.870, Mar 18 low where a break is required to reinstate a bearish theme.

MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com
MNI London Bureau | +44 203-586-3805 | taso.anastasiou.ext@marketnews.com

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