Free Trial

(M18) Bulls Targeting 130.980-131.047....>

BOBL TECHS
BOBL TECHS: (M18) Bulls Targeting 130.980-131.047
*RES 4: 131.047 100-DMA 
*RES 3: 130.980 High Jan 11 
*RES 2: 130.763 Daily Bull channel top 
*RES 1: 130.649 Bollinger band top
*PREVIOUS CLOSE: 130.590
*SUP 1: 130.560 Hourly resistance Mar 14 now support
*SUP 2: 130.380 Low Mar 13
*SUP 3: 130.210 Low Mar 9
*SUP 4: 130.016 Alternating hourly support/resistance
*COMMENTARY: Bulls take comfort in the aggressive recovery from below the 21-DMA
(130.152) and close above 130.570 that confirms focus on 130.980-131.047 where
the 100-DMA is situated. The bull channel top is noted at 130.763 and may slow
the move. Bears now look for a close below 130.380 to ease bullish pressure and
below 130.210 to shift focus to 129.840-966 where the bull channel base is
noted. The Bollinger top is the key concern for bulls.

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.