Free Trial

(U17) Bears Need Close Below 192.94......>

BOBL TECHS
BOBL TECHS: (U17) Bears Need Close Below 192.94
*RES 4: 133.51 Daily Bull channel top B 
*RES 3: 133.36 High Aug 29 
*RES 2: 133.30 Bollinger band top 
*RES 1: 133.24 High Aug 30
*PREVIOUS CLOSE: 133.16
*SUP 1: 133.06 Low Aug 30
*SUP 2: 132.96 Daily Bull channel base
*SUP 3: 132.94 Low Aug 28
*SUP 4: 132.84 Low Aug 25
*COMMENTARY: The lack of follow through on Tuesday's high leaves the contract
looking a little heavy with the 132.94-96 support key today. Daily studies
looking to correct from O/B increase the risk of a correction with bears needing
a close below 132.94 to confirm a break of the channel base and shift focus back
to 132.65-75 where the 21-DMA is noted. Bulls need a close above 132.24 to
retain focus on the channel top.

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.