Free Trial

(M9) Rally Fades Ahead of Highs *RES.....>

BOBL TECHS
BOBL TECHS: (M9) Rally Fades Ahead of Highs
*RES 4: 133.410 High May 29 2018 (continuation chart) 
*RES 3: 133.320 High Feb 26 (continuation chart) 
*RES 2: 132.310 High Mar 27 
*RES 1: 132.170 High Apr 2 
*PRICE: 133.020 @ 04:57 GMT Apr 3 
*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 were unable to sustain gains yesterday keeping the near term
outlook neutral albeit within a larger uptrend. Bulls need to break above
yesterday's high at 132.170 to open the March 27 high at 132.310. Above here
would suggest a potential bull flag breakout. On the downside bears need to
break below Monday's low at 132.950 to open the March 25,26 lows at 132.710.

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.