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Late Equity Roundup: Mildly Lower on Week


Remains Above The 50-Day EMA

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(M1) Bullish Structure Intact

  • RES 4: 135.780 1.000 proj of the Feb 26 - Mar 3 - Mar 9 price swing
  • RES 3: 135.700 High Dec 11, 2020 (cont)
  • RES 2: 135.544 0.764 proj of the Feb 26 - Mar 3 - Mar 9 price swing
  • RES 1: 135.520 High Mar 25
  • PRICE: 135.490 @ 05:16 GMT Mar 26
  • SUP 1: 135.320 Low Mar 24
  • SUP 2: 135.190 Low Mar 23
  • SUP 3: 135.010 Low Mar 22
  • SUP 4: 134.870 Low Mar 19 and key short-term support

Bobl futures traded higher yesterday, maintaining a firmer tone. Resistance at 135.220, Mar 16 has been cleared this week. The clear break ends the recent period of consolidation and confirms a resumption of the recovery that started Feb 26. This paves the way for strength towards 135.540 next, a Fibonacci projection. 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 |
MNI London Bureau | +44 203-586-3805 |

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