Free Trial

(U0) Pullback Likely A Correction *RES...>

BOBL TECHS
BOBL TECHS: (U0) Pullback Likely A Correction
*RES 4: 135.340 High May 18
*RES 3: 135.228 76.4% projection of the Jun 5 - 15 rally from Jun 17 low
*RES 2: 135.150 50.0% retracement of the May 4 - Jun 10 decline (cont)
*RES 1: 134.940 High Jun 22
*PRICE: 134.670 @ 04:59 BST Jun 24
*SUP 1: 134.510 Low Jun 19
*SUP 2: 134.410 Low Jun 17 and key near-term support
*SUP 3: 134.210 Low Jun 11
*SUP 4: 134.000 Low Jun 10
Bobl futures have eased off Monday's high. The outlook remains bullish though.
Recent gains between Jun 5 - 15 signalled an end to the recent downtrend and
suggest scope for a stronger recovery. The focus is on resistance at 134.930,
May 22 high, which was probed Monday. A clear break would reinforce a developing
bullish theme and open 135.340, May 18 high. Firm support is at 134.410, Jun 17
low. Today's bull trigger is 134.940.

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.