Free Trial

(M1) Firm Posture

BOBL TECHS
  • RES 4: 135.480 High Jan 27 (cont) and a key resistance
  • RES 3: 135.370 High Jan 29 (cont)
  • RES 2: 135.300 High Feb 1 (cont)
  • RES 1: 135.290 High Mar 22
  • PRICE: 135.240 @ 05:01 GMT Mar 23
  • SUP 1: 135.010 Low Mar 19
  • SUP 2: 134.870 Low Mar 18
  • SUP 3: 134.780 Low Mar 8 and 9
  • SUP 4: 134.690 61.8% retracement of the Feb 26 - Mar 22 high

Bobl futures maintain a firmer tone. Yesterday, resistance at 135.220, Mar 16 was probed. A clear break would end the recent period of consolidation and confirm a resumption of the recovery that started Feb 26. This would pave the way for strength towards 135.300 initially, Feb 1 high (cont). Initial firm support has been defined at 134.870, Mar 18 low where a break is required to reinstate a bearish theme.

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.