Free Trial

(U17) Fresh Rise Eyes Swing Target At....>

BOBL TECHS
BOBL TECHS: (U17) Fresh Rise Eyes Swing Target At 133.10
*RES 4: 133.46 0.5% volatility band
*RES 3: 133.38 61.8% Fibo of 134.89-130.95
*RES 2: 133.26 Jun 12 high
*RES 1: 133.10 1.618 swing of 132.87-132.49
*PRICE: 132.97 @1026GMT
*SUP 1: 132.82/86 Hourly support
*SUP 2: 132.75 Aug 22, Aug 23 lows
*SUP 3: 132.71 6 week rising support line
*SUP 4: 132.46/49 Aug 4 high, Aug 16 low
*COMMENTARY* The hold of 132.75 support has produced a bout of fresh strength.
This has broken above the top of the previously troublesome 132.87-132.95
resistance and now needs to sustain this, if we are to attain the next
objective, the swing target at 133.10. Meanwhile, 132.86-132.82 provides initial
support, backed up by that 132.75 area and then the  6 week rising support line
at 132.71. Directly through 133.10 and 133.26 next.

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.