BOC SAYS DON'T EXPECT RATES TO RETURN TO PRE-COVID LEVELS

MNI BRIEF: BOC Says Time For Rate Cut Is Nearing

BOC REITERATES TIME FOR RATE CUT IS GETTING NEARER

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

France Industrial Production Continues to Stagnate

MNI: FRANCE MAR INDUSTRIAL PRODUCTION -0.3% M/M, +0.7% Y/Y

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(M4) Bears Remain In The Driver’s Seat

BOBL TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 118.790 High Feb 15 and Mar 8 and a bull trigger
  • RES 2: 118.460 High Mar 12
  • RES 3: 118.100/118.310 High Apr 12 / High Mar 27
  • RES 1: 117.473 20-day EMA
  • PRICE: 116.900 @ 05:28 BST Apr 24
  • SUP 1: 116.730 Low Apr 22
  • SUP 2: 116.518 1.236 proj of the Mar 8 - 18 - 27 price swing
  • SUP 3: 116.306 1.382 proj of the Mar 8 - 18 - 27 price swing
  • SUP 4: 116.135 1.50 proj of the Mar 8 - 18 - 27 price swing

The downtrend in Bobl futures remains intact and the contract traded to a fresh cycle low Monday. Key support at 117.200, the Feb 29 low, has been cleared. The clear break confirms a continuation of the downtrend that started early December last year and sights are on 116.518, a Fibonacci projection. For bulls, a break of resistance at 118.310, the Mar 27 high, would instead highlight a reversal. First resistance is 117.473, 20-day EMA.

159 words

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.
  • RES 4: 118.790 High Feb 15 and Mar 8 and a bull trigger
  • RES 2: 118.460 High Mar 12
  • RES 3: 118.100/118.310 High Apr 12 / High Mar 27
  • RES 1: 117.473 20-day EMA
  • PRICE: 116.900 @ 05:28 BST Apr 24
  • SUP 1: 116.730 Low Apr 22
  • SUP 2: 116.518 1.236 proj of the Mar 8 - 18 - 27 price swing
  • SUP 3: 116.306 1.382 proj of the Mar 8 - 18 - 27 price swing
  • SUP 4: 116.135 1.50 proj of the Mar 8 - 18 - 27 price swing

The downtrend in Bobl futures remains intact and the contract traded to a fresh cycle low Monday. Key support at 117.200, the Feb 29 low, has been cleared. The clear break confirms a continuation of the downtrend that started early December last year and sights are on 116.518, a Fibonacci projection. For bulls, a break of resistance at 118.310, the Mar 27 high, would instead highlight a reversal. First resistance is 117.473, 20-day EMA.