FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(M3) Bear Cycle Still In Play

BOBL TECHS
  • RES 4: 119.307 61.8% retracement of the Mar 20 - 31 downleg
  • RES 3: 118.280/119.190 High Apr 12 / High Mar 27
  • RES 2: 117.830 High Apr 13
  • RES 1: 117.160/541 High Apr 18 / 20-day EMA
  • PRICE: 117.020 @ 05:24 BST Apr 21
  • SUP 1: 116.420 Low Apr 19
  • SUP 2: 116.370 Low Mar 15
  • SUP 3: 116.125 76.4% retracement of the Mar 6 - 20 rally
  • SUP 4: 115.700 Low Mar 10

The outlook in Bobl futures remains bearish. The contract has recently breached 117.200, the Mar 31 low. This reinforces the bearish theme and the focus is on 116.370, the Mar 15 low. A break of this level would open 116.125, a Fibonacci retracement. For bulls, a resumption of gains would refocus attention on 119.190, Mar 27 high and the trigger for a stronger short-term climb. Initial firm resistance is 117.601, the 20-day EMA.

Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets

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.