Free Trial

(M18) Threatening A Break Out Of.........>

BOBL TECHS: (M18) Threatening A Break Out Of Recent Consolidation
*RES 4: 131.42 61.8% Fibo of 132.70-129.36
*RES 3: 131.25 0.5% volatility band
*RES 2: 131.03/07 50% Fibo of 132.70-129.36, Jan 8 high
*RES 1: 130.89/91 Jan 2 low, 1.618 swing 130.76-130.51
*PRICE: 130.78 @0801GMT
*SUP 1: 130.51/53 Mar 19 low, Mar 13, Mar 14 highs
*SUP 2: 130.38 Mar 8 high, Mar 13 low
*SUP 3: 130.31 Hourly congestion Mar 8-Mar 12
*SUP 4: 130.21 Mar 9 low
*COMMENTARY* Threatening to break clear of 130.75-130.76 resistance, at the time
of writing. Through here and the 130.89-130.91 region is the next likely port of
call, the latter the swing target of the recent 130.76-130.51 consolidation. Any
higher and 131.03-131.07 next, an area that at 131.05, also includes the
equality rise target from 129.84 to the prior 129.36-130.57 climb. Still have
main support from 130.53-130.51, below the latter will disappoint. 

To read the full story



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.