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(U1) Rally Pauses

BOBL TECHS
  • RES 4: 136.583 1.0% 10-dma envelope
  • RES 4: 136.041 61.8% March Downtick
  • RES 3: 135.700 High Dec 11 (cont)
  • RES 2: 135.640 High Aug 05
  • PRICE: 135.240 @ 16:06 BST Aug 13
  • SUP 1: 135.030/134.900 Low Jul 26 / Low Jul 22
  • SUP 2: 134.834/710 20-day EMA / High Jul 8
  • SUP 3: 134.562 50-day EMA
  • SUP 4: 134.410 Low Jul 13 and a key support

Bobl futures edged off recent highs over the past week or so, but the pullback hasn't altered the bullish trend. This keeps gains toward the Dec 11 2020 highs of 135.700 on the table as well as a key Fib level at 136.041. Current support remains untroubled at 134.900, Jul 22 low. A break through here opens losses toward 135.030.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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