Free Trial

(M18) 131.620 Support Key This Week......>

BOBL TECHS
BOBL TECHS: (M18) 131.620 Support Key This Week
*RES 4: 132.700 Monthly High Dec 8 (Cont) 
*RES 3: 132.560 High Dec 13 now support (Cont) 
*RES 2: 132.240 Lows Dec 14 & 18 (Cont) 
*RES 1: 132.180 2018 High May 25
*PREVIOUS CLOSE: 132.150
*SUP 1: 132.030 Hourly support May 25
*SUP 2: 131.750 High May 24 now support
*SUP 3: 131.620 High May 23 now support
*SUP 4: 131.380 Low May 24
*COMMENTARY: The recovery that began last week with support emerging ahead of
the 100-DMA (130.611) has resulted in fresh 2018 & 6mth highs with bulls now
focused on the 132.24-70 region where Dec highs are noted. The Bollinger top
(131.763) is the key concern for bulls. The 161.620 support is key this week.
Bears need a close below to ease bullish pressure and target a correction back
to 55 & 100-DMAs (130.960-131.128).

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.