Free Trial

(M9) Still No Higher High *RES 4:.......>

BOBL TECHS
BOBL TECHS: (M9) Still No Higher High 
*RES 4: 133.920 Channel top 
*RES 3: 133.710 High May 15 
*RES 2: 133.650 High May 17 
*RES 1: 133.630 High May 23 
*PRICE: 133.550 @ 03:20 GMT May 24
*SUP 1: 133.340 Low May 21 
*SUP 2: 133.210 Low May 10 
*SUP 3: 132.930 Low May 7 
*SUP 4: 132.948 55-dma 
Bobl futures failed to take out the May 17 highs yesterday falling just short to
suggest another lower high has been established. Bears now look to Tuesday's low
at 133.340 to build downside momentum towards the May 10 low at 133.210. A break
below here would bring the May 7 low at 132.930 into play ahead of the 55-dma.
Bulls look to take out yesterday's high at 133.630 to reignite upside momentum
towards Friday's high at 133.650 ahead of the May 15 ytd high at 133.710.

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.