Free Trial

(M18) 130.510 Support Remains Key *RES...>

BOBL TECHS
BOBL TECHS: (M18) 130.510 Support Remains Key
*RES 4: 131.310 High Apr 3, Bollinger band top 
*RES 3: 131.250 High May 3 
*RES 2: 131.040 Low May 11 now resistance 
*RES 1: 131.000 High May 16
*PREVIOUS CLOSE: 130.890
*SUP 1: 130.640 Low May 15
*SUP 2: 130.584 100-DMA
*SUP 3: 130.563 Bollinger band base
*SUP 4: 130.550 Low Apr 25
*COMMENTARY: The sell-off from 131.25 is now finding support ahead of the
100-DMA with bears currently focused on 130.51. Bears need a close below 130.510
to confirm a break of the 100-DMA to shift initial focus to 129.84 Mar lows.
Daily studies are well placed for a fresh leg lower. Bulls now need a close
above 131.040 to gain breathing room and shift immediate focus back to
131.250-310.

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.