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(M2) Approaching The Bear Trigger

BOBL TECHS
  • RES 4: 134.400 High Dec 20 2021 (cont)
  • RES 3: 134.080 High Mar 7 and the bull trigger
  • RES 2: 133.390 High Mar 8
  • RES 1: 131.991/32.590 20-day EMA / High Mar 9
  • PRICE: 130.920 @ 05:13 GMT Mar 14
  • SUP 1: 130.750 Low Mar 11
  • SUP 2: 130.410 Low Feb 8 and a key support
  • SUP 3: 130.000 Round number support
  • SUP 4: 129.554 123.6% retracement of the Feb 8 - Mar 7 upleg

Bobl futures traded lower again Friday, extending last week’s retracement from 134.080, the Mar 7 high. Support at 132.130, the Mar 1 low and 131.726, the 76.4% retracement of the Feb 8 - Mar 7 rally, have been cleared. This suggests potential for a continuation lower. Attention is on key support at 130.410, the Feb 8 low and the bear trigger. Initial firm resistance is at 132.590, the Mar 9 high.

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