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Free Access(M3) Holding On To Last Week’s Gains
- RES 4: 117.230 High Feb 14
- RES 3: 117.040 High Feb 15
- RES 2: 117.00 Round number resistance
- RES 1: 116.730 High Mar 10
- PRICE: 116.490 @ 04:48 GMT Mar 13
- SUP 1: 116.060 20-day EMA
- SUP 2: 115.700 Low Mar 10
- SUP 3: 114.820 Low Mar 9
- SUP 4: 114.740 Low Mar 7 and the bear trigger
Bobl futures traded sharply higher Friday and the contract remains firm today - price has cleared the 20-day EMA. The impulsive rally is very quickly unwinding a recent oversold condition in the downtrend. The move higher has exposed key short-term resistance at 116.890, the Feb 24 high where a break would strengthen bullish conditions. On the downside, a firm near-term support is seen at 115.700, Friday’s intraday low.
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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.