Trial now
USDCAD TECHS

Tests Major Support - The 2017 Low!

SILVER TECHS

Bulls Still In Charge

GOLD TECHS

Fades Through Thursday

EUROSTOXX50 TECHS

(M1) Bounces Off Lows

BRENT TECHS

(N1) Falls Back Into Range

AUDUSD TECHS

Fresh Weekly Lows

(U0) Rallies Still Sold

BOBL TECHS
  • RES 4: 135.757 76.4% retrace of the May 4 - Jun 10 decline (cont)
  • RES 3: 135.500 High May 22 (cont)
  • RES 2: 135.421 61.8% retrace of the May 4 - Jun 10 decline (cont)
  • RES 1: 135.350 High Jul 31
  • PRICE: 134.940 @ 02:35 BST Aug 12
  • SUP 1: 134.880 Low Aug 11
  • SUP 2: 134.610/560 Low Jul 20 / Low Jul 13
  • SUP 3: 134.510 Low Jul 2 and key support
  • SUP 4: 134.410 Low Jun 17

Despite recovering into the Monday close, rallies remain sold in Bobl futures, with prices edging lower Tuesday to touch the lowest levels since Jul 28. Markets need to snap 135.350 to reignite any upside. A break above here opens 135.421 (cont), 61.8% of the Apr - Jun sell-off. Should Bobls return lower, 134.610/560 should provide decent support. The outlook holds relatively neutral for now.

MNI London Bureau | +44 203-865-3806 | krzysztof.kruk@marketnews.com