Free Trial

(M2) Trend Needle Still Points South

BOBL TECHS
  • RES 4: 131.550 High Mar 11
  • RES 3: 130.870 High Mar 18
  • RES 2: 130.604 20-day EMA
  • RES 1: 129.770 High Mar 25
  • PRICE: 128.800 @ 05:00 GMT Mar 29
  • SUP 1: 128.580 Low Mar 28
  • SUP 2: 128.340 Low Sep 17 2015 (cont)
  • SUP 3: 128.000 Round number support
  • SUP 4: 127.750 Low Jun 5 2015 (cont)

Bobl futures traded lower again Monday with bearish momentum conditions continuing to dominate. The move lower has again confirmed a resumption of the underlying downtrend and maintains the broader bearish price sequence of lower lows and lower highs. The break lower paves the way for a move towards 128.340 next, the Sep 14 2015 low (cont). The 20-day EMA at 130.604 is seen as a firm resistance.

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.