Free Trial

(U17) Focus Still On 132.89-132.95.......>

BOBL TECHS
BOBL TECHS: (U17) Focus Still On 132.89-132.95 Resistance
*RES 4: 133.38/41 61.8% Fibo of 134.89-130.95, 0.5% vol band
*RES 3: 133.26 Jun 12 high
*RES 2: 133.10 1.618 swing of 132.87-132.49
*RES 1: 132.89/95 Aug 21, Intraday and Jun 21 highs
*PRICE: 132.80 @0919GMT
*SUP 1: 132.46/49 Aug 4 high, Aug 16 low
*SUP 2: 132.37/40 Opening gap Aug 8-Aug 9
*SUP 3: 132.24/27 Aug 7 low, 38.2% Fibo of 131.30-132.87
*SUP 4: 132.14 Jul 24 high, now support
*COMMENTARY* Loss of 132.54 support early last week will remain a worry,
especially while any recovery continues to falter in the 132.89-132.95 area.
Will need the added boost of a rise through the latter before the opportunity
for a further 133.10-133.38 rise appears. In the interim, look to 132.49-132.46
for support, 132.40-132.37 below. Loss of the latter would open the way for a
deeper 132.27-132.14 decline.

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.