Free Trial

(U17) 132.48 Resistance Now Key *RES.....>

BOBL TECHS
BOBL TECHS: (U17) 132.48 Resistance Now Key
*RES 4: 132.95 High June 21 
*RES 3: 132.85 High June 26 
*RES 2: 132.48 Low June 22 now resistance 
*RES 1: 132.40 100-DMA
*PREVIOUS CLOSE: 132.36
*SUP 1: 132.32 Hourly support Aug 1
*SUP 2: 132.23 Hourly resistance Aug 1 now support
*SUP 3: 132.09 Hourly support July 28
*SUP 4: 132.01 Alternating hourly support/resistance
*COMMENTARY: Hesitation around 132.17 came to an end with a rally and bullish
close Tuesday that sees the contract pressuring the 100-DMA. Bulls now look for
a close above 132.48 to confirm focus on 132.85-133.01 where the falling daily
TL is noted. O/B daily studies and the Bollinger top are key concerns for bulls.
The 132.23-32 support region is key today. bears need a close below 132.23 to
ease bullish pressure and below 132.01 to shift focus back 131.65-82.

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.