Free Trial

(M1) Correction Extends

BOBL TECHS
  • RES 4: 135.544 0.764 proj of the Feb 26 - Mar 3 - Mar 9 price swing
  • RES 3: 135.520 High Mar 25
  • RES 2: 135.440 High Mar 29
  • RES 1: 135.350 High Apr 8
  • PRICE: 135.310 @ 05:08 GMT Apr 9
  • SUP 1: 135.100 Low Apr 6
  • SUP 2: 134.940/870 Low Mar 30 / Low Mar 19 and key S/T support
  • SUP 3: 134.780 Low Mar 8 and 9
  • SUP 4: 134.670 61.8% retracement of the Feb 26 - Mar 25 rally

Bobl futures maintain a bearish focus and recent gains are still considered corrective in nature. Attention remains on support at 134.870, Mar 18 low where a break would strengthen a bearish argument and suggest scope for a deeper pullback. This would open 134.780, the Mar 8 and 9 lows and potentially below. For bulls, key resistance has been defined at 135.520, Mar 25 high. Clearance of this level is required to reinstate the recent bull cycle.

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.