Free Trial

(U17) 132.46-132.51 Next Resistance On...>

BOBL TECHS
BOBL TECHS: (U17) 132.46-132.51 Next Resistance On Upside Agenda 
*RES 4: 132.95 Jun 21 high
*RES 3: 132.80/82 76.4% Fibo of 133.26-131.30, 0.5% vol band
*RES 2: 132.51 61.8% Fibo of 133.26-131.30
*RES 1: 132.46 Jun 28 high
*PRICE: 132.40 @1143GMT
*SUP 1: 132.17/23 Hourly support
*SUP 2: 132.02/03 Jul 31, Aug 1 lows
*SUP 3: 131.87 Jul 28 low
*SUP 4: 131.82 Jul 13 high, Jul 25 low
*COMMENTARY* Finally broke clear of the recent 132.14-132.17 range top. The
subsequent rise has now breached the next resistance area between the 50% Fibo
retrace level at 132.28 and the swing target at 132.34. This suggests scope to
increase gains towards 132.46-132.51 next. In the meantime, nearest support
rises to 132.23-132.17 and this currently offers protection to the now key near
term support level from 132.02-132.03. A loss here would disappoint now. 

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.