Free Trial

(U0) Wild Swings *RES 4: 135.228 76.4%...>

BOBL TECHS
BOBL TECHS: (U0) Wild Swings
*RES 4: 135.228 76.4% projection of the Jun 5 - 15 rally from Jun 17 low
*RES 3: 135.150 50.0% retracement of the May 4 - Jun 10 decline (cont)
*RES 2: 135.080 High Jun 29
*RES 1: 134.910 High Jul 1
*PRICE: 134.810 @ 05:19 BST Jul 3
*SUP 1: 134.510 Low Jul 2 and key near-term support
*SUP 2: 134.435 50.0% retracement of the rally between Jun 5 - 29
*SUP 3: 134.410 Low Jun 17
*SUP 4: 134.283 61.8% retracement of the rally between Jun 5 - 29
Bobl futures sold off sharply Wednesday resulting in a breach of support at
134.560, Jun 24 low. Opposing price action yesterday saw the contract rally
sharply to erase most of Wednesday's losses. Key support has been defined at
134.510, Jul 2 low. If bulls are to remain in control, price action needs to
hold above this support. A break of 134.910, Jul 1 high would open 135.080, the
Jun 29 high once again. Sub 134.510 levels reinstates a bearish threat.

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.