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(M3) Retracement Mode

BOBL TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income News
  • RES 4: 121.290 High Dec 2 2022 (cont)
  • RES 3: 121.090 High Dec 8 2022 (cont)
  • RES 2: 120.00/120.610 Round number resistance / High Mar 20
  • RES 1: 118.735 50.0% retracement of Tuesday’s range
  • PRICE: 117.980 @ 05:11 GMT Mar 22
  • SUP 1: 117.675 50.0% retracement of the Mar 6 - 20 rally
  • SUP 2: 117.259 20-day EMA
  • SUP 3: 116.982 61.8% retracement of the Mar 6 - 20 rally
  • SUP 4: 116.370 Low Mar 15

Bobl futures traded lower Tuesday as the contract retraces recent gains and extends the pullback from Monday’s high of 120.610. The next support lies at 117.675, a Fibonacci retracement, ahead of the 20-day EMA that intersects at 117.259. A break of the EMA is required to signal scope for a deeper pullback. On the upside, a resumption of gains would refocus attention on 120.610, the Mar 21 high and bull trigger.

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  • RES 4: 121.290 High Dec 2 2022 (cont)
  • RES 3: 121.090 High Dec 8 2022 (cont)
  • RES 2: 120.00/120.610 Round number resistance / High Mar 20
  • RES 1: 118.735 50.0% retracement of Tuesday’s range
  • PRICE: 117.980 @ 05:11 GMT Mar 22
  • SUP 1: 117.675 50.0% retracement of the Mar 6 - 20 rally
  • SUP 2: 117.259 20-day EMA
  • SUP 3: 116.982 61.8% retracement of the Mar 6 - 20 rally
  • SUP 4: 116.370 Low Mar 15

Bobl futures traded lower Tuesday as the contract retraces recent gains and extends the pullback from Monday’s high of 120.610. The next support lies at 117.675, a Fibonacci retracement, ahead of the 20-day EMA that intersects at 117.259. A break of the EMA is required to signal scope for a deeper pullback. On the upside, a resumption of gains would refocus attention on 120.610, the Mar 21 high and bull trigger.