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(M4) Bear Cycle Remains In Play

BOBL TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 117.880 High Apr 15
  • RES 2: 117.620 High Apr 19
  • RES 3: 117.134/440 High 50-day EMA / High May 16
  • RES 1: 116.671 20-day EMA
  • PRICE: 115.970 @ 05:37 BST May 29
  • SUP 1: 115.950 Low May 24 and intraday low
  • SUP 2: 116.710 Low Feb 29 (cont) and a key support
  • SUP 3: 115.752 1.764 proj of the Mar 8 - 18 - 27 price swing
  • SUP 4: 115.410 2.00 proj of the Mar 8 - 18 - 27 price swing

Bobl futures remain soft following last week’s breach of support and the bear trigger at 116.230, the Apr 30 low. The contract is trading at its recent lows and this signals scope for a continuation of the bear cycle near-term. Scope is seen for a move towards 115.710, the Feb 29 low (cont) and a key support. Initial resistance is seen at 116.671, the 20-day EMA. Key resistance and the reversal trigger is at 117.440, the May 16 high.

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  • RES 4: 117.880 High Apr 15
  • RES 2: 117.620 High Apr 19
  • RES 3: 117.134/440 High 50-day EMA / High May 16
  • RES 1: 116.671 20-day EMA
  • PRICE: 115.970 @ 05:37 BST May 29
  • SUP 1: 115.950 Low May 24 and intraday low
  • SUP 2: 116.710 Low Feb 29 (cont) and a key support
  • SUP 3: 115.752 1.764 proj of the Mar 8 - 18 - 27 price swing
  • SUP 4: 115.410 2.00 proj of the Mar 8 - 18 - 27 price swing

Bobl futures remain soft following last week’s breach of support and the bear trigger at 116.230, the Apr 30 low. The contract is trading at its recent lows and this signals scope for a continuation of the bear cycle near-term. Scope is seen for a move towards 115.710, the Feb 29 low (cont) and a key support. Initial resistance is seen at 116.671, the 20-day EMA. Key resistance and the reversal trigger is at 117.440, the May 16 high.