Free Trial

(M18) Immediate Focus On 100-WMA *RES....>

BOBL TECHS
BOBL TECHS: (M18) Immediate Focus On 100-WMA
*RES 4: 131.456 Daily Bull channel top 
*RES 3: 131.450 High Jan 23 (Cont) 
*RES 2: 131.282 100-WMA (Cont) 
*RES 1: 131.210 High Mar 5 (Cont)
*PREVIOUS CLOSE: 131.170
*SUP 1: 131.060 High Mar 23 now support
*SUP 2: 130.860 Hourly resistance Mar 22 now support
*SUP 3: 130.760 High Mar 19 now support
*SUP 4: 130.510 Low Mar 19
*COMMENTARY: Bulls have gained traction above the 100-DMA (130.927) following an
aggressive rally and bullish close Tuesday that now sees immediate focus on the
100-WMA. A close above the 100-WMA was last seen in Dec 2017. Bulls look for a
close above the 100-WMA to pressure 131.450-456. Bears now look for a close
below 131.060 to ease bullish pressure and below 130.760 to shift initial focus
back to 130.210-510 where 21 & 55-DMAs are located.

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.