CANADA MAY RETAILS -0.8% VS FORECAST -0.6%, PRIOR +0.6%

MNI: Canada June Retails Fall And May Biggest Drop In A Year

MNI China Daily Summary: Friday, July 19

MNI BRIEF: China To Boost Consumer Spending, New Industries

MNI BRIEF: China Enhances Fiscal Response To Boost Economy

MNI BRIEF: China To Promote Migrates' Rights, Reform Hukou System

MNI: BAKER HUGHES US RIG COUNT 586; OIL RIGS 477; GAS RIGS 103

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

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

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

(M4) Trend Direction Remains Down

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: 117.237 20-day EMA
  • PRICE: 116.610 @ 05:50 BST Apr 29
  • 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 contract traded to a fresh cycle low last week. Key support at 117.200, the Feb 29 low, has recently been cleared, strengthening the bearish theme and fresh trend lows last week confirm a continuation of the downtrend. Sights are on 116.135, a Fibonacci projection. For bulls, a break of resistance at 118.310, Mar 27 high, would highlight a reversal. First resistance is 117.237, 20-day EMA.

154 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: 117.237 20-day EMA
  • PRICE: 116.610 @ 05:50 BST Apr 29
  • 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 contract traded to a fresh cycle low last week. Key support at 117.200, the Feb 29 low, has recently been cleared, strengthening the bearish theme and fresh trend lows last week confirm a continuation of the downtrend. Sights are on 116.135, a Fibonacci projection. For bulls, a break of resistance at 118.310, Mar 27 high, would highlight a reversal. First resistance is 117.237, 20-day EMA.