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Free Access(M9) Bull Flag Potential *RES 4:.........>
BOBL TECHS: (M9) Bull Flag Potential
*RES 4: 134.890 High Feb 24 2017 (continuation chart)
*RES 3: 133.410 High May 29 2018 (continuation chart)
*RES 2: 133.320 High Feb 26 (continuation chart)
*RES 1: 132.310 High Mar 27
*PRICE: 133.060 @ 05:07 GMT Apr 2
*SUP 1: 132.950 Low Apr 1
*SUP 2: 132.710 Low Mar 25, 26
*SUP 3: 132.510 Low Mar 22
*SUP 4: 132.440 Low Mar 21
Bobl futures broke below the 133 level yesterday extending the pullback from the
March 27 highs, but the subsequent recovery suggests a potential bull flag
formation. Bulls look for a break above 132.310 to suggest a continuation of the
broader bullish trend. On the downside bears need to break below yesterday's low
at 132.950 to open the March 25,26 lows at 132.710.
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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.