Free Trial

(U1) Significant Break

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: 135.500 @ 15:50 BST Aug 05
  • 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 added to recent gains Thursday, strengthening further after the significant break through the March highs. These gains faded into the close, but the underlying trend condition remains positive. This opens gains toward the Dec 11 2020 highs of 135.700 and a key Fib level at 136.041. While markets failed to maintain the initial rally, support remains untroubled at 134.900, Jul 22 high.

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.