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Free Access(M18) Bulls Focused On 132.570-133.140...>
BOBL TECHS: (M18) Bulls Focused On 132.570-133.140
*RES 4: 132.990 Low Sept 1 now resistance (Cont)
*RES 3: 132.840 Low Aug 25 now resistance (Cont)
*RES 2: 132.700 Monthly High Dec 8 (Cont)
*RES 1: 132.570 2018 High May 25
*PREVIOUS CLOSE: 132.550
*SUP 1: 132.340 Hourly support May 28
*SUP 2: 132.180 High May 25 now support
*SUP 3: 132.030 Alternating hourly support/resistance
*SUP 4: 131.750 High May 24 now support, Low May 28
*COMMENTARY: Bulls take comfort in support holding at 131.750 and providing the
base for fresh 2018 & 6mth highs again Monday. Bulls now focus on the
132.570-133.140 region. O/B studies and the Bollinger top (132.049) remain key
concerns for bulls. Bears now look for a close below 132.180 to gain breathing
room and below 131.620 to target a correction back to 55 & 100-DMAs
(131.002-131.207).
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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.