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OIL

Gains In Asia

FOREX

Risk Sentiment Sours

US TSYS

Off Best Levels

JGBS

Better Bid

IDR

Rupiah Goes Offered Amid Omicron Worry

(M1) Gains Considered Corrective

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: 135.300 High Apr 7
  • PRICE: 135.220 @ 04:56 GMT Apr 8
  • SUP 1: 134.940 Low Mar 30
  • SUP 2: 134.870 Low Mar 19 and key short-term 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 despite the recovery since Apr 1. 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.

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