MNI BRIEF: Treasury's Yellen: Inflation Moving To Fed's Target

MNI BRIEF: China State Planner To Increase Trade-in Support

MNI China Daily Summary: Thursday, July 25

MNI: PBOC Conducts CNY200 Bln via MLF Thurs; Rate Cut

MNI: PBOC Sets Yuan Parity Lower At 7.1321 Thurs; -1.92% Y/Y

CHINA PBOC CONDUCTS CNY235.1 BILLION VIA 7-DAY REVERSE REPOS THURS

LFS Employment Growth Exceeds RNS Estimates In Q2

Improvement In Industrial Confidence In Q2

US EIA:NAT GAS STORAGE +22 BCF TO 3,231 BCF JUL 19 WK

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

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

(M4) Corrective Gains

BOBL TECHS
Fixed Income Technical AnalysisHomepagemarkets-real-timeBulletMarketsFixed Income Bullets
  • RES 4: 118.460 High Mar 12
  • RES 2: 118.100/118.310 High Apr 12 / High Mar 27
  • RES 3: 117.620 High APr 19
  • RES 1: 117.203 20-day EMA
  • PRICE: 116.920 @ 05:17 BST Apr 30
  • SUP 1: 116.270 Low Apr 25
  • SUP 2: 116.135 1.50 proj of the Mar 8 - 18 - 27 price swing
  • SUP 3: 115.964 1.618 proj of the Mar 8 - 18 - 27 price swing
  • SUP 4: 115.752 1.764 proj of the Mar 8 - 18 - 27 price swing

The downtrend in Bobl futures remains intact and the latest recovery appears to be a correction. The contract traded to a fresh cycle low last week. Key support at 117.200, the Feb 29 low, has also recently been cleared, strengthening the bearish theme and confirming a continuation of the downtrend. Sights are on 116.135, a Fibonacci projection. First resistance to watch is 117.203, 20-day EMA.

145 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: 118.460 High Mar 12
  • RES 2: 118.100/118.310 High Apr 12 / High Mar 27
  • RES 3: 117.620 High APr 19
  • RES 1: 117.203 20-day EMA
  • PRICE: 116.920 @ 05:17 BST Apr 30
  • SUP 1: 116.270 Low Apr 25
  • SUP 2: 116.135 1.50 proj of the Mar 8 - 18 - 27 price swing
  • SUP 3: 115.964 1.618 proj of the Mar 8 - 18 - 27 price swing
  • SUP 4: 115.752 1.764 proj of the Mar 8 - 18 - 27 price swing

The downtrend in Bobl futures remains intact and the latest recovery appears to be a correction. The contract traded to a fresh cycle low last week. Key support at 117.200, the Feb 29 low, has also recently been cleared, strengthening the bearish theme and confirming a continuation of the downtrend. Sights are on 116.135, a Fibonacci projection. First resistance to watch is 117.203, 20-day EMA.