Free Trial

(U17) 132.98-132.94 Support Becomes......>

BOBL TECHS
BOBL TECHS: (U17) 132.98-132.94 Support Becomes Key Focus Today
*RES 4: 133.70 0.5% volatility band
*RES 3: 133.54 7 week bull channel top projection
*RES 2: 133.36/38 Aug 29 high, 61.8% Fibo of 134.89-130.95
*RES 1: 133.22/27 Hourly resistance
*PRICE: 133.01 @1412GMT
*SUP 1: 132.94/98 Aug 28 low, 7 week rising support line
*SUP 2: 132.84 Aug 25 low
*SUP 3: 132.57 38.2% Fibo of 131.30-133.36
*SUP 4: 132.33/37 50% Fibo of 131.30-133.36, 0.5% vol band
*COMMENTARY* The hold of 132.75 support last week produced a bout of fresh
strength. This has broken above the top of the previously troublesome
132.87-132.95 resistance and also the 133.10-133.18 swing targets. This now sees
the 133.38-133.54 area as next targets, a 61.8% Fibo retrace level and the
current top of the 7 week bull channel projection. Key support now from between
the 7 week rising support line at 132.98 and the Aug 28 low at 132.94.

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.